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[>Accounting homework help](https://www.sweetstudy.com/fields/business-finance-accounting) A company's income statement showed the following: net income, $125,000; depreciation expense, $35,500; and gain on sale of plant assets, $9,500. An examination of the company's current assets and current liab…
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[>Accounting homework help](https://www.sweetstudy.com/fields/business-finance-accounting)
A company's income statement showed the following: net income, $125,000; depreciation expense, $35,500; and gain on sale of plant assets, $9,500. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $10,500; merchandise inventory increased $23,500; prepaid expenses decreased $7,300; accounts payable increased $4,500. Calculate the net cash provided or used by operating activities.
A. $135,000.
B. $147,800.
C. $149,800.
D. $175,800
E. $154,600.
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