Assuming Net Income for the year is $245,000, what is the net cash flows from operating activities given the following information:

Increase in Salaries Payable$20,500

Depreciation Expense$7,500

Increase in Prepaid Rent$29,500

Loss on sale of asset$1,350

Increase in Accounts Payable$34,500

Increase in Inventory$51,000

Assume net income was $190,000, depreciation expense was $6,600, accounts receivable decreased by $10,500, and accounts payable decreased by $3,400. The amount of net cash flows from operating activities is:

Multiple Choice

• $196,600.
• $203,700.
• $183,400.
• $190,000