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1. Accounts receivable arising from sales to customers amounted to $120,000 and $51,000 at the beginning and end of the year, respectively. Income reported on

1. Accounts receivable arising from sales to customers amounted to $120,000 and $51,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $214,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

a. $265,000

b. $283,000

c. $214,000

d. $145,000

2. Accounts receivable arising from sales to customers amounted to $33,000 and $50,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $122,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

a. $122,000

b. $139,000

c. $105,000

d. $155,000

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