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Allen Company's income statement reported total revenues, $890,000 and total expenses (including $44,000 depreciation) of $750,000. The balance sheet reported the following: accounts receivablebeginning balance,
Allen Company's income statement reported total revenues, $890,000 and total expenses (including $44,000 depreciation) of $750,000. The balance sheet reported the following: accounts receivablebeginning balance, $54,000 and ending balance, $51,500; accounts payablebeginning balance, $23,500 and ending balance, $29,500. Therefore, based only on this information, the net cash inflows from operating activities were:
$143,500
$192,500
$180,500
$187,500
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