1. Carpet World Inc. reported the following information for 2017 and 2018:

   	2017	2018
   Accounts receivable	$51,000	$57,000
   Inventories	42,000	39,000
   Accounts payable	43,000	48,000
   Net income		60,000
   Depreciation expense		8,000

   If Carpet World uses the indirect method to prepare the Operating Activities section of the statement of cash flows, what amount will be reported as net cash inflow from operating activities for 2018?

   a.$70,000

   b.$66,000

   c.$68,000

   d.$64,000