In the 2018 consolidated statement of cash flows for Iverson Company:

Net cash flows from operating activities were

a. $26,300.

b.$19,700.

c.$19,800.

d. $39,600.

Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow: Cash Accounts receivable (net) Merchandise inventory Buildings and equipment (net) Trademark 2018 $ 850 52,750 105,100 93,900 107,100 $ 359, 700 $ 100,050 Totals Accounts payable Notes payable, long-term Noncontrolling interest Common stock, $10 par Retained earnings (deficit) Totals 2017 $ 20,150 30, 250 49,500 106,000 127,000 $ 332,900 $ 80, 250 26,200 37,250 200,000 (10,800) $332,900 51,050 200,000 8,600 $ 359, 700 Additional Information for Fiscal Year 2018 Iverson and Oakley's consolidated net income was $46,000. Oakley paid $4,000 in dividends during the year. Iverson paid $12,000 in dividends. Oakley sold $19,700 worth of merchandise to Iverson during the year. There were no purchases or sales of long-term assets during the year