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Balance Sheet (all $ in thousands) 12/31/201 12/31/19 Cash $725 $575 Accounts receivable 3001 370 Prepaid insurance 1501 ol Property, plant & equipment 2,100 1,650
Balance Sheet (all $ in thousands) 12/31/201 12/31/19 Cash $725 $575 Accounts receivable 3001 370 Prepaid insurance 1501 ol Property, plant & equipment 2,100 1,650 Less: Accumulated depreciation (1,000) (725) $2,275 $1,870 100 170 50 55 Payables for selling & administration expenses Interest payable Note payable Income taxes payable 75 25 255 205 Common stock 625 525 Retained earnings 1,1701 890 $2,275 $1,870 2020 Income Statement ($ in thousands) Sales revenue $5,000 Depreciation expense 275 Salary Expense 125 Interest expense 5 Selling & administrative expenses 3,595 Income before taxes 1,000 Income tax expense 300 Net income $700 Required: Using the above comparative balance sheets and the income statement, calculate total cash flows from operating activities. $595 $150 $170 $870 None of the above
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