(Appendix B) The beginning balance of Accounts Receivable was $84,000 and the ending balance was $54,000. Sales were $340,000. What was the net cash inflow from customer receipts?

Group of answer choices

A $310,000.

B $370,000.

C $394,000.

D $256,000.

E None of the above.

(Appendix B) The Prepaid Insurance account had a beginning balance of $7,000 and an ending balance of $12,000. The Insurance Expense account has an ending balance of $4,500. What was the net cash outflow related to insurance expense?

Group of answer choices

A $9,500.

B $7,500.

C $5,000.

D $14,50.

E None of the above.