Klutz Dance Studio had net income of $167,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash flows for the year:Decrease in accounts receivable$ 24,000Increase in accounts payable$ 11,000Increase in retained earnings$ 92,000Cash paid for purchase of new music equipment$ 20,000Depreciation expense$ 5 ,000Klutz uses the indirect method to prepare its statement of cash flows. What is Klutz's net cash provided by (used in) operating activities?
A. $185,000
B. $137,000
C. $95,000
D. $207,000
Answer: D
Business
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