Accounts receivable arising from trade transactions amounted to $78,000 and $62,000 at the beginning and end of the year, respectively. Net income reported on the income statement for the year was $120,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method are _____. a. $136,000 b. $104,000 c. $120,000 d. $140,000