Accounts receivable from sales transactions were $49,408 at the beginning of the year and $69,642 at the end of the year. Net income reported on the income statement for the year was $110,570. 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 is

Select the correct answer.

$20,234

$90,336

$110,570

$130,804