Metro, Inc. reported net income of $150,000 for 2006. Changes occurred in several balance sheet accounts during 2006 as follows:

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Investment in Videogold, Inc. stock, carried on the equity basis

$5,500 increase

Accumulated depreciation, caused by major repair to projection equipment

2,100 decrease

Premium on bonds payable

1,400 decrease

Deferred income tax liability (long-term)

1,800 increase

In Metro’s 2006 cash flow statement, the reported net cash provided by operating activities should be

  1. $150,400
  2. $148,300
  3. $144,900
  4. $142,800