metro inc reported net income of 150 000 for 2006 changes occurred in several balanc 605511

Metro, Inc. reported net income of $150,000 for 2006. Changes occurred in several balance sheet accounts during 2006 as follows:

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Investment in Videogold, Inc. stock, carried on the equity basis	$5,500 increase
Accumulated depreciation, caused by major repair to projection equipment	2,100 decrease
Premium on bonds payable	1,400 decrease
Deferred income tax liability (long-term)	1,800 increase

In Metro’s 2006 cash flow statement, the reported net cash provided by operating activities should be

1. $150,400
2. $148,300
3. $144,900
4. $142,800