[Solved] A company's income statement showed the following: net income, $134,000; depreciation expense, $30,000; and gain on sale of plant assets, $4,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses increased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used by operating activities. A) $96,600. B) $141,000. C) $88,600. D) $156,600. E) $148,600. Intangible: Non-physical assets that have value, such as intellectual property, goodwill, and patents. Invisible: Refers to something not visible to the naked eye or not immediately noticeable. Contemplation: The act of considering or thinking about something with the possibility of taking action. Recognized: Given official status or identified as having met certain criteria or standards.