Leather Shop earned net income of $ 57, 000 after deducting depreciation of $ 5, 000 and all other expenses. Current assets decreased by $ 4, 000, and current liabilities increased by $ 8, 000. How much was Leather Shop's cash provided by operating activities (indirect method)?
A. $ 40, 000
B. $ 66, 000
C. $ 48, 000
D. $ 74, 000
Ans: D. $ 74, 000
Business
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