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MC Qu. 98 Bird Brain Co. reported net income of... Bird Brain Co. reported net income of $45,000 for the year ended December 31, 2018.

MC Qu. 98 Bird Brain Co. reported net income of...

Bird Brain Co. reported net income of $45,000 for the year ended December 31, 2018. January 1 balances in accounts receivable and accounts payable were $23,800 and $24,900 respectively. Year-end balances in these accounts were $21,500 and $28,700, respectively. Assuming that all relevant information has been presented, Bird Brain's cash flows from operating activities would be:

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  • $51,100.
  • $46,500.
  • $45,000.
  • $38,900.

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