21. Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $180,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is a. $165,000. b. $195,000 c. $220,000. d. $180,000. 22. Bush Company reported net income of $60,000 for the year. During the year, accounts receivable decreased by $8,000, accounts payable increased by $4,000 and depreciation expense of $5,000 was recorded. Net cash provided by operating activities for the year is $48,000. b. $55,000. $59,000 d. $77,000. a. c. 23. Doctor Company prepared the tabulation below at December 31, 2018. Net Income $417,000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense, $32,000 Decrease in accounts receivable, $50,000 Increase in inventory, $12,000 Decrease in accounts payable, $8,600 Increase in income taxes payable, $1,500 Loss on sale of land, $5,000 Net cash provided (used) by operating activities Instructions Show how each item should be reported in the statement of cash flows. Use parentheses for deductions. Calculate the Net cash provided by operating activities