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1-3-2 Sheffield Corp.'s net income for the current year was $541000. Depreciation recorded on plant...

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Accounting

1-3-2

Sheffield Corp.'s net income for the current year was $541000. Depreciation recorded on plant assets was $81000. Accounts receivable and inventories increased by $42000 and $17000, respectively. Supplies and accounts payable decreased by $2000 and $34000, respectively. A $500,000 convertible bond was retired through the issuance of common stock. How much cash was provided by operating activities?

$531000.

$493000.

$713000.

$510000.

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