In 2021, Hope Company incurred sales on account of $194,000 The company also has the following information: Accounts Receivable Accounts Payable December December 31, 2021 31, 2020 $ 21,000 $ 60,000 $ 75,000 $ 49,500 What is the amount of cash received from customers for Hope Company in 2021? Multiple Choice $203,900 O $233,000 $170,000 $194,000 Assuming Net Income for the year is $255,000, what is the net cash flows from operating activities given the following information Increase in Salaries Payable Depreciation Expense Increase in Prepaid Rent Loss on sale of asset Increase in Accounts Payable Increase in Inventory $19,000 $ 6,500 $29,800 $ 1,150 $33,000 $55,000 Multiple Choice $266,150 $259,650 $337,850 $230,650 Innovative Products reported net income of $222,000 Beginning and ending inventory balances were $45,500 and $46,500, respectively Accounts Payable balances at the beginning and end of the year were $37,500 and $33,500. respectively. Assuming that all relevant information has been presented, the company would report net operating cash flows of Multiple Choice O $217,000 O $225,000 O $219,000 $227.000