c.6,300

d.34,000

Question 24 During a recent year, the Corp. reported net income of $25,000. The company also reported the following activities: a. Purchased equipment for $6,000 in cash. b. Issued common stock for $1,000 in cash c. Depreciation of equipment was $9,000 for the year More information is presented below. Current year Prior year $84,000 53,600 39,600 5,500 206,000 (126,700) $48,700 50.000 | 39,000 15,000 | 200,000 (117,700) Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Equipment | Accumulated depreciation Liabilities Current liabilities Accounts payable Accrued liabilities Stockholders' equity Common stock Retained earnings $48,000 44,000 $49,000 42,000 10,000 | 160,000 9,000 | 135,000 Q: Compute cash flows from operating activities? A $5,300 B. $40,300 $6.300