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CherryBlossoms, Inc. reported 2020 Net Income of $67,000. Included in the Net Income were Depreciation Expense, $9,500, and a Gain on Sale of Equipment, $2,300.

CherryBlossoms, Inc. reported 2020 Net Income of $67,000. Included in the Net Income were Depreciation Expense, $9,500, and a Gain on Sale of Equipment, $2,300.

All of the following accounts increased during 2020:

Accounts Receivable $2,700

Inventory 4,500

Prepaid Rent 6,200

Available for Sale Securities 1,600

Accounts Payable 3,900

What is the amount of Cash Flows Provided by Operating Activities for the year ended December 31, 2020?

$67,000

$64,700

$63,100

$54,200

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