Laser World's income statement reported total revenues of $950,000 and total expenses (including $41,000 depreciation) of $730,000. The balance sheet reported the following: Accounts Receivablebeginning balance, $53,000 and ending balance, $55,500; Accounts Payablebeginning balance, $25,000 and ending balance, $31,000. Therefore, based only on this information, the net cash flows from operating activities were:

rev: 05_01_2020_QC_CS-210424

Multiple Choice

• $264,500.

• $257,650.

• $223,500.

• $175,800.