Accounts receivable from sales transactions were $48,305 at the beginning of the year and $64,385 at the end of the year. Net income reported on the income statement for the year was $107,426. 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 would be a. $123,506 b. $107,426 c. $16,080 d. $91,346