Nevada Boot Co. reported net income of $219,000. Beginning and ending inventory balances were $45,500 and $47,500, respectively. Accounts payable balances at the beginning and end of the year were $42,000 and $38,000, respectively. Assuming that all relevant information has been presented, Nevada Boot would report operating cash flows of:

$225,000.

$213,000.

$221,000.

$217,000.