Answer:
The correct answer is $97,000.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the net cash provided by using the following formula:
Net cash = Net income + Depreciation expense - Gain on sale of land - Increase in merchandise inventory + Increase in accounts payable
By putting the following value in the formula, we get
Net Cash = $86,600 + $13,300 - $7,000 - $3,350 + $7,450
= $97,000
Hence, the net cash provided is $97,000.
