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Allen Company's income statement reported total revenues, $910,000 and total expenses (including $41,000 depreciation) of $745,000. The balance sheet reported the following: accounts receivablebeginning balance,
Allen Company's income statement reported total revenues, $910,000 and total expenses (including $41,000 depreciation) of $745,000. The balance sheet reported the following: accounts receivablebeginning balance, $55,000 and ending balance, $53,500; accounts payablebeginning balance, $26,500 and ending balance, $32,500. Therefore, based only on this information, the net cash inflows from operating activities were:
$201,500
$210,500
$169,500
$213,500
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