Question 16 Pina Colada Corp. reported net income of $351000 for the year. During the year, accounts receivable increased by $25000, accounts payable decreased by $11000 and depreciation expense of $54000 was recorded. Net cash provided by operating activities for the year is $369000 $312000 O $351000 $333000 Question 17 Larkspur Inc.'s accounts receivable arising from sales to customers amounted to $85000 and $74000 at the beginning and end of 2022, respectively. Income reported on the income statement for 2022 was $267000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is O $256000 O $352000 O $278000 $267000