Coronado Company reported the indirect method as answer is 85800. Thus, the option (b) is correct.
What is net income?
The term “net income” refers to the company's earnings less all costs, such as salaries, taxes, raw materials, and cost of products sold. After subtracting an individual and business's expenses, the net income is what remains.
The net cash provided by operating activities are:
Net income = $69000
The accounts receivable decreased = $8100
The accounts payable increased = $4200
Depreciation expense = $4500
The addition of the details are:
$69000 + $8100 + $4200 + $4500
= 85800.
Therefore, option (b) is correct.
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