Question - For the year ending December 31st 2014 Martha company reports Net income of 23,000 and depreciation expense of 7,000. The Income tax expense for the year ending December 31, 2014 is 20,000
December 31, 2013 December 31, 2014
Cash 25,000 16,000
Accounts Recievable 25,000 45,000
Inventories 60,000 100,000
fixed Assets 330,000 330,000
Accumulated Depreciation 110,000 101,000
Accounts Payable 6,000 74,000
Wages Payable 4,000 25,000
What is the net cash provided (used) by operating activities for the year ended December 31st 2014. Assume the indirect method is used
A. 23,000
B. 69,000
C. 59,000
D. (20,000)