Green Timber reported net income of $50;000 depreciation expenses of $10.000, a gain on a land sale of $5,000; and a decrease in Accounts Receivable of $500 Under the indirect method, net Cash Flows from operations is: A. $65, 500. B. $60, 500. C. $ 55, 500 D. $54, 500 Operating expenses other than depreciation for the year were $420,000. Accrued expenses increased by $32,000. Cash payments for operating expenses to be reported on the cash flow statement using the direct method would be: A. $452,000. B. $388,000. C. $420.000. D. $32,000