Mullinix Inc. reported the following information: net income, ($ 40,000); decrease in accounts receivable, ($ 10,000); decrease

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Mullinix Inc. reported the following information: net income, $\$ 40,000$; decrease in accounts receivable, $\$ 10,000$; decrease in accounts payable, $\$ 8,000$; and depreciation expense, $\$ 6,000$. What amount did Mullinix report as cash flow from operating activities on its statement of cash flows?

a. $\$ 16,000$

b. $\$ 36,000$

c. $\$ 48,000$

d. $\$ 64,000$

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