Scranton, Inc. reports net income of $251,000 for the year ended December 31. It also reports $96,800 depreciation expense and a $6050 gain on the sale of equipment. Its comparative balance sheet reveals a $39,700 decrease in accounts receivable, a $17,850 increase in accounts payable, and a $13,900 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.
A. $385,400.
B. $391,450.
C. $349,700.
D. $288,800.
E. $413,200.
Answer: A
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