Chisholm Associates uses the indirect method to prepare the operating activities section of the statement of cash flows. The following accounts and balances were drawn from the company's accounting records: Beg. Bal.End. Bal.Accounts receivable $31,100? $41,350? Prepaid insurance 5700? 2350? Accounts payable 25,100? 27,150? Unearned revenue 7500? 5150? Net income for the period was $53,500. What is the net cash flows from operating activities?
A. $51,450
B. $59,200
C. $51,000
D. $46,300
Answer: D
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