22. Which statement best defines a company's operating cash inflows? a. collections from customers and shareholders and earnings from investments b. collections from customers c. collections from customers and earnings from investments d. collections from customers and shareholders

21. The Raymond Corporation reported $10,000 of net income for 2020 and also uses the visual inspection method for completing the statement of cash flows. The following additional information relates to Raymond for the year:

Decrease in inventory	80
Loss on disposal of equipment	900
Proceeds from disposal of equipment	1,400
Depreciation expense	1,200
Acquisition of treasury stock	650
Increase in accounts payable	290

Refer to Exhibit 21-1. What is Raymonds net cash provided by operating activities?

	a.	$12,470
	b.	$14,800
	c.	$11,890
	d.	$11,540