Selected information for Mercer Company during 2010 follows: $\begin{array}{lll}& \text{ Jan }1& \text{ Dec. }31\\ \text{ Accounts payable }& \$45& \$52\\ \text{ Accounts receivable }& 60& 68\\ \text{ Common stock }& 400& 412\\ \text{ Patent amortization }& 30& 27\\ \text{ Inventory }& 70& 60\end{array}$ If Mercer reported net income of $320, what was the net cash provided by operating activities for 2010?

A) $329
B) $330
C) $332
D) $342

Patent Amortization

The gradual expensing of the cost of a patent over its useful life, reflecting the consumption of its economic benefits over time.

Accounts Receivable

Money owed by customers to a company for products or services that have been delivered or used but not yet paid for.

Common Stock

Equity ownership in a corporation, with rights to vote on corporate matters and receive dividends.