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0 Required information [The following information applies to the questions displayed below.] The financial statements of New World, Inc., provide the following information for the

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0 Required information [The following information applies to the questions displayed below.] The financial statements of New World, Inc., provide the following information for the current year. Accounts receivable Inventory Prepaid expenses Accounts payable (for merchandise) Accrued expenses payable Net sales Cost of goods sold Operating expenses (including depreciation of $94,500) Dec.31 $ 273,000 $ 262,500 $ 67,200 $ 237,300 $ 66,150 $3,097,500 $1,627,500 $367,500 Jan.1 $ 241,500 $ 252,000 $ 63,000 $ 221,550 $ 72,450 New World's net cash flow from operating activities for the current year is: Multiple Choice $1,160,250

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