Metro, Inc. reported net income of $150,000 for the current year. Changes occurred in several balance sheet accounts during the current year as follows:
Investment in Videogold, Inc. stock, carried on the equity basis $5,500 increase
Accumulated depreciation, caused by major repair to projection equipment 2,100 decrease
Premium on bonds payable 1,400 decrease
Deferred income tax liability (long-term) 1,800 increase
In Metro's current year cash flow statement, the reported net cash provided by operating activities under the indirect method should be:
a) $147,000
b) $153,800
c) $144,900
d) $142,800