Question - Dicksen Company's income statement for the year ended December 31, 2005, reported net income of $360,000. The financial statements also disclosed the following information:
Amortization ......................................... $ 20,000
Depreciation ......................................... 60,000
Increase in accounts receivable ...................... 140,000
Increase in inventory ................................ 48,000
Decrease in accounts payable ......................... 76,000
Increase in salaries payable ......................... 28,000
Dividends paid ....................................... 120,000
Purchase of equipment ................................ 150,000
Increase in long-term note payable ................... 300,000
Net cash provided by operating activities for 2005 should be reported as
a. $84,000.
b. $204,000.
c. $234,000.
d. $324,000.