Question - During the year, Samuels reported net income of $300,000, including amortization of intangible assets of $66,000, depreciation of plant assets of $132,000, and amortization of premium on investment in bonds of $20,000. Applying the indirect method, what amount is cash provided by operating activities.
a. $300,000
b. $518,000
c. $478,000
d. $498,000