A company's income statement showed the following: net income, $125,000 and depreciation expense, $30,300. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $9500; merchandise inventory increased $18,200; and accounts payable increased $3500. Calculate the net cash provided or used by operating activities.
A. $160,500.
B. $179,500.
C. $124,100.
D. $119,000.
E. $150,100.
Answer: E
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