The net income reported on the income statement for the current year was $220,000.
Depreciation was $50,000. Accounts receivable and inventories decreased by $10,000 and $30,000, respectively.
Prepaid expenses and accounts payable increased, respectively, by $1,000 and $8,000.
How much cash was provided by operating activities?
a. $281,000
b. $317,000
c. $301,000
d. $239,000
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