Company Z had the following information in 2016: Accounts Receivable $320,000, Inventory $512,000, Accounts Payable $123,000, Bonds
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Question:
Company Z had the following information in 2016: Accounts Receivable $320,000, Inventory $512,000, Accounts Payable $123,000, Bonds Payable $852,000, and Depreciation Expense $54,500. These accounts had the following balances in 2017: Accounts Receivable $322,300, Inventory $758,200, Accounts Payable $135,200, Bonds Payable $580,000, and Depreciation Expense $64,700. Net Income in 2017 was $135,750. They also paid out dividends of $25,000 in 2017. What is the cash flows from operating activities?
($60,850)
($100,550)
($35,850)
($125,550)
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