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44.The following information is extracted from a set of financial statements: Opening balance Closing balance Cash $16 000 $20 000 Accounts receivable 10 000 15
44.The following information is extracted from a set of financial statements:
| Opening balance | Closing balance |
Cash | $16 000 | $20 000 |
Accounts receivable | 10 000 | 15 000 |
Accounts payable | 24 000 | 25 000 |
Inventory | 30 000 | 35 000 |
Sales | 0 | 50 000 |
Cost of goods sold | 0 | 30 000 |
The net cash flow from operating activities based only on the above information is:
Group of answer choices
1.$11 000
2.$20 000
3.$29 000
4.$33 000
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