(7) Sales reported on the income statement were $265,130. The accounts receivable balance declined $22,980 over the year. Determine the amount of cash received from customers.

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(10) A building with a book value of $35,370 is sold for $54,107 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as follows:

a. an increase of $54,107 from investing activities and a deduction from net income of $18,737 b. an increase of $35,370 from investing activities and an addition to net income of $18,737 c. an increase of $54,107 from investing activities d. an increase of $35,370 from investing activities