Pastel Paints Company uses the direct method for preparing its statement of cash flow. Pastel reports the following information regarding 2017 From the income statement: Sales Revenues, $267.000 Cost of Goods Sold, 5210,000 Operating Expenses. $36,000 From the balance sheet Beginning Balance Ending Balance Accounts Receivable $14,800 $18,500 Merchandise Inventory 24,200 18,400 Accounts Payable 6.200 13,800 Accrued Liabilities 4,200 1,500 A $267.000 B$270,700 C. $33,300 D. $263,300 Pastel Paints Company uses the direct method for preparing its statement of cash flow. Pastel reports the following information regarding 2017 From the income statement: Sales Revenues, $267.000 Cost of Goods Sold, 5210,000 Operating Expenses. $36,000 From the balance sheet Beginning Balance Ending Balance Accounts Receivable $14,800 $18,500 Merchandise Inventory 24,200 18,400 Accounts Payable 6.200 13,800 Accrued Liabilities 4,200 1,500 A $267.000 B$270,700 C. $33,300 D. $263,300