Cash Flow Statement INCOME STATEMENT 2009 Adjustment Change Cash Flow Sales $ 4,500 - AA/R (100) $ 4,600 $ $ CGS $ 2,200 - /P 50 $ 2,050 + A Inventory $ (100) $ 1,500 - A Op Accrruals $ Operating Expenses Includes Depreciation (150) $ 1,450 200 - A Depreciation $ Interest $ 75 - A Acer Interest $ - $ 75 Taxes 320 - A Deferred Taxes $ - $ 320 $ $ Net Profit 405 Operating Cash Flow $ 705 Which of the following statements is true? the cash paid for goods sold to customers was less that what was reported on the income statement since A/P decreased and the firm accumulated additional inventory during the year cash generated by operations during the period was more than what was reported in the financial statements O the cash collected from customers was less than what was reported on the income statement due to the change in A/R