SOL Company reported net income for 2016 in the amount of $200,000. The company’s financial statements also included the following: Increase in accounts receivable $ 40,000 Decrease in inventory 30,000 Increase in accounts payable 100,000 Depreciation expense 52,000 Gain on sale of land 74,000 What is net cash provided by operating activities under the indirect method? a. $216,000 b. $268,000 c. $290,000 d. $416,000

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