QUESTION 27 Accounts receivable from sales transactions were $51,000 at the beginning of the year and 564,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is a. $169,000 b. $92,000 c. $118,000 d. $105,000