Answer:
D. $83300.
Step-by-step explanation:
Net Income: $84,300
Adjustments for non-cash expenses:
Depreciation Expense: $1,400
Changes in working capital accounts:
Accounts Receivable: $3,500 (increase)
Accounts Payable: $1,100 (increase)
Now, let's calculate the cash provided by operating activities using the indirect method of the statement of cash flows:
Net Income: $84,300
Depreciation Expense: $1,400
Decrease in Accounts Receivable: $3,500 (negative change since it increased)
Increase in Accounts Payable: $1,100
= Cash Provided by Operating Activities
Calculating the cash provided by operating activities:
$84,300 + $1,400 + (-$3,500) + $1,100 = $83,300
Therefore, the amount of cash provided by operating activities is $83,300.