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Buford Company has an accrual basis net income of $360,000 in 2016 and the following related items: Depreciation expense $76,000 Accounts receivable increase 24,000 Inventory

Buford Company has an accrual basis net income of $360,000 in 2016 and the following related items:

Depreciation expense

$76,000

Accounts receivable increase

24,000

Inventory decrease

28,000

Accounts payable decrease

16,000

How much is Buford's net cash flow from operating activities in 2016?

Select one:

A.$472,000

B.$424,000

C.$348,000

D.$416,000

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