Nordstrand Company's net income last year was $36,000. Changes in selected balance sheet accounts for the year appear below:

	Increases/decreases
Debit balances:
Accounts Receivable	$(7,000)
Inventory	$(5,000)
Prepaid Expenses	$3,000
Credit balances:
Accumulated depreciation	$18,000
Accounts payable	$13,000
Accrued liabilities	$(9,000)
Taxes payable	$0
Deferred taxes	$1,000

Based solely on this information, the net cash provided by operations under the indirect method on the statement of cash flows would be: a. $4,000, b. $68,000, c. 50,000, d. $54,000

Answer is:

Solution: