The following data are available for Allen Clapp Corporation.
|
Net income |
$200,000 |
|
Depreciation expense |
40,000 |
|
Dividends paid |
60,000 |
|
Gain on sale of land |
10,000 |
|
Decrease in accounts receivable |
20,000 |
|
Decrease in accounts payable |
30,000 |
Net cash provided by operating activities is:
(a) $160,000.
(b) $220,000.
(c) $240,000.
(d) $280,000.