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Katie's Kool-Aid Company earned $67,000 in 2019. The company began the year with $12,000 in accounts receivable and $8,000 in accounts payable; and it ended
Katie's Kool-Aid Company earned $67,000 in 2019. The company began the year with $12,000 in accounts receivable and $8,000 in accounts payable; and it ended the year with $9,000 in accounts receivable and $17,000 in accounts payable. The company also sold an industrial mixer for a $2,000 gain and paid dividends of $1,000. If the balance sheet accounts listed above were its only balance sheet accounts used during the year, what was the company's cash flow from operations?
Group of answer choices
$79,000
$76,000
$78,000
$77,000
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