Accounts receivable from sales transactions were $47,334 at the beginning of the year and $65,988 at the end of the year. Net income reported on the income statement for the year was $129,534. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be O a. $129,534 Ob. $148,188 Oc. $18,654 O d. $110,880

Accounts receivable from sales transactions were $47,304 at the beginning of the year and $65,988 at the end of the vear, Net income reported on the income statement for the year was $129,534. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be 2. 5129,534 b. $140.180 c. $18.654 d. $110,880