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Company A had the following income statement amounts in 2019: Sales: $1,000,000 Gross profit: $650,000 Depreciation: $50,000 Gain on sale of land: $10,000 Net income:
Company A had the following income statement amounts in 2019:
Sales: $1,000,000
Gross profit: $650,000
Depreciation: $50,000
Gain on sale of land: $10,000
Net income: $250,000
It also had the following current account balances at year-end in 2018 and 2019.
Account Name
12/31/18
12/31/19
Inventory
100,000
150,000
Accounts Receivable
150,000
100,000
Accounts Payable
300,000
350,000
Salaries Payable
20,000
30,000
Interest Payable
100,000
20,000
What were Company A's cash flows from operations?
Group of answer choices
$270,000
$190,000
$230,000
$310,000
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