Question 22 Not yet answered Points out of 1 Flag question Calculate cash flows from operating activities for 20x2 under US GAAP based on the following: Working capital accounts at December 31, 20X1: i. Cash: $10,000 ii. Inventory: $25,000 iii. Accounts receivable: $3,000 iv. Accounts payable and accrued expenses: $16,000 Working capital accounts at December 31, 20X2: i. Cash: $8,000 ii. Inventory: $35,000 iii. Accounts receivable: $1,000 iv. Accounts payable and accrued expenses: $19,000 Net income for 20X2: $108,000 Depreciation and amortization expense for 20X2: $15,000 Capital expenditures for 20X2: $32,000 Select one: a. $118,000 b. $116,000 o c. $128,000 d. $103,000 e. $84,000