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S company reported net income for 2016 in the amount of

Question - S company reported net income for 2016 in the amount of $400,000. The company's financial statements also included the following:

Increase in accounts receivable	$80,000
Decrease in inventory	60,000
Increase in accounts payable	200,000
Depreciation expense	104,000
Gain on sale of land	148,000

Required - What is the net cash by operating activities under the indirect method?

a. $432,000

b. $536,000

c. $580,000

d. $832,000

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Accounting Basics: S company reported net income for 2016 in the amount of

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