1. Assume net income for 20X8 was $122,000. Using the information below, what is the cash flows from operating activities?

   	12/31/20X8	12/31/20X7
   Accounts Receivable	12,800	15,000
   Prepaid Insurance	4,000	3,500
   Accounts Payable	9,000	8,200
   Accrued Liabilities	2,500	2,800

   		$123,300
   		121,200
   		$120,000
   		$124,200