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Find what amount of cash provided by operating activities

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Reference no: EM132687182

During 2020 the Cullumber Company had a net income of $85200. In addition, selected accounts showed the following changes:

Accounts Receivable $3400 increase
Accounts Payable  800 increase
Buildings 4100 decrease
Depreciation Expense 1700 increase
Bonds Payable 8400 increase

Problem 1: What was the amount of cash provided by operating activities?

Option 1: $84300.

Option 2: $85200.

Option 3: $86900.

Option 4: $95400.

Reference no: EM132687182

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