The net income reported on the income statement for the current year was $100,000. Depreciation recorded on plant assets was $25,000. Accounts receivable and inventories decreased by $5,000 and $15,000, respectively. Prepaid expenses and Accounts Payable increased by $500 and $4,000, respectively. Using the indirect method, how much would be reported for net cash flows from operating activities
in the statement of cash flows?
A) $130,500
B) $148,500
C) $141,500
D) $98,500
B
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