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Newark Company has provided the following information: Cash sales, $470,000 Credit sales, $1,370,000 Selling and administrative expenses. $350,000 Sales returns and allowances. $92,000 Gross profit,

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Newark Company has provided the following information: Cash sales, $470,000 Credit sales, $1,370,000 Selling and administrative expenses. $350,000 Sales returns and allowances. $92,000 Gross profit, $1,380.000 Increase in accounts receivable. $57,000 Bad debt expense. $35,000 Sales discounts. $45,000 Net income, $1,030,000 What is the effect of collections from customers on cash flow from operating activities, using the indirect method? O Cash flow increased $413.000. O Cash flow decreased $57.000. O Cash flow increased $470.000 O Cash flow increased $973000

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