Innovative Products reported net income of $226,000. Beginning and ending inventory balances were $47,000 and $48,500, respectively. Accounts Payable balances at the beginning and end of the year were $41,000 and $38,000, respectively. Assuming that all relevant information has been presented, the company would report net operating cash flows of: Multiple Choice $221,500. $227,500. O $224,500. O $230,500. Lense Laboratories' net income was $310,000. Given the account information below, what is the net cash flows from operating activities for Lense Laboratories? Increase in Accounts Receivable Increase in Salaries Payable Decrease in Inventory Depreciation Expense Increase in Prepaid Insurance $64,000 $51,500 $37,000 $49,000 $ 3,800 Multiple Choice $313,300 $379,700 $404,700 $515,300