Financial statements for Larned Company appear below:

Dividends during $20*6$ totaled $$263$ thousand $of$ which $$12$ thousand were preferred dividends.

The market price $of$ a share $of$ common stock $on$ December $3120*6$ was $$160$

included $in$ operating expenses was depreciation expense $of$ $$20000$

$No$ non current assets were sold.

cash flow from operating activities was?

$a.$ $$0$

$b.$ $$(20000)$

$c.$ $$(40000)$

$d.$ $$353000$