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?Let's Do? This, Inc. had an operating income of? $35,000 for the year just ended. Balances in the? company's current asset and current liability accounts

?Let's Do? This, Inc. had an operating income of? $35,000 for the year just ended. Balances in the? company's current asset and current liability accounts at the beginning and of the year were as? follows:

Beginning

Ending

Cash

?$30,000

?$40,000

Accounts Receivable

?$125,000

?$106,000

Inventory

?$213,000

?$180,000

Accounts Payable

?$210,000

?$195,000

The company reported? $350,000 in Sales Revenue and a Gross Profit of? $140,000. Depreciation expense totaled? $8,000. Using the direct? method, compute the?company's cash flow from operating activities for the year.? (assume only inventory purchases are included in accounts? payable)

A.

?$80,000

B.

?$125,000

C.

?$51,000

D.

?$87,000

E.

?$177,000

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Let's Do This Inc. had an operating income of $35,000 for the year just ended. Balances in the company's current asset and current liability accounts at the beginning and of the year were as follows: Beginning Ending $30,000 $40,000 Cash Accounts Receivable $125,000 $106,000 $213,000 $180,000 Inventory Accounts Payable $210,000 $195,000 The company reported $350,000 in Sales Revenue and a Gross Profit of $140,000. Depreciation expense totaled $8,000. Using the direct method, compute the company's cash flow from operating activities for the year. (assume only inventory purchases are included in accounts payable) O A. $80,000 OB. $125,000 O C. $51,000 O D. $87,000 O E. $177,000

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