A company had net income of $230,000. Depreciation expense is $26,000. During the year Accounts Receivable and Inventory increased $15,000 and $40,000, respectively. Prepaid Expenses and Accounts Payable decreased $2,000 and $4,000, respectively. There was also a loss on the sale of equipment of $3,000. Using the indirect method, what is the amount of net cash flows from operating activities on
the statement of cash flows?
A) $196,000
B) $202,000
C) $276,000
D) $288,000
B
Business
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