In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: Net income for the year was$72,000? Accounts payable increased by 38,000? Accounts receivable decreased by 65,000? Inventories decreased by 25,000? Cash dividends paid were 34,000? Depreciation expense was 60,000? Net cash provided by operating activities was:
A. $210,000.
B. $260,000.
C. $64,000.
D. $111,000.
E. $110,000.
Answer: B
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