Answer:
Net cash provided by operating activities is $325,000.
Explanation:
Lacey Company 
Cash Flow Statement (Operating Activities Only)
December 31, 2022.
<u>Details                                                                       Amount ($)</u>
Net Income                                                                   310,000
Depreciation expense                                                  45,000
Increase in accounts receivable                                 (55,000)
Decrease in inventory                                                   12,000
Increase in accounts payable                                        6,000
Increase in prepaid expenses                                      (4,000)
Decrease in income taxes payable                               3,500
Gain on disposal of land                                                <u> 7,500 </u>
Net cash provided (used) by operating activities  <u> 325,000 </u>