Using the selected data below, calculate the net cash provided by operating activities:
| Net income |
$275,000 |
| Increase in accounts receivable |
$17,000 |
| Decrease in accounts payable |
$14,000 |
| Gain on the sale of equipment |
$9,500 |
| Depreciation expense |
$22,000 |
| Purchase of new delivery truck |
$45,000 |
Question 1 options:
|
$276,500
|
|
$256,500
|
|
$284,500
|
|
$211,500
|