39. Camrens Candies net income was $40,000. Accounts receivable decreased by $30,000, merchandise inventory increased by $20,000, accounts payable decreased by $4,000, and salaries payable increased by $1,000. The net cash flow from operating activities using the indirect method is:

a. $33,000

b. $47,000

c. $53,000

d. $61,000