Mill Garden Company's Income Statement for the Year Shows a Net

question 160

Multiple Choice

Mill Garden Company's income statement for the year shows a net loss of $135,000.Additional information for the year follows: $\begin{array}{lr}\text { Depreciation Expense } & \$ 60,000 \\\text { Increase in Accounts Receivable } & 108,000 \\\text { Decrease in Inventory } & 37,500 \\\text { Decrease in Prepaid Rent } & 13,500 \\\text { Decrease in Accounts Payable } & 16,500\end{array}$ What is the net cash provided by (used in) operating activities?

• A)($148,500)
• B)$40,500
• C)$19,500
• D)($67,500)

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