Answer:
$582,000
Explanation:
Given that
Net income = $520,000
Depreciation expense = $120,000
Increase in accounts receivable = 58,000
The computation of cash provided by operating activities is given below:-
= Net income + Depreciation expenses - Increase in accounts receivable
= $520,000 + $120,000 - $58,000
= $640,000 - $58,000
= $582,000
Therefore for computing the cash provided by operating activities we simply applied the above formula.
