Question 48

Valliant, Inc. reported net income of $60,000 on its income statement for the year ended December 31, 2019. During 2019, accounts receivable decreased by $5,000, merchandise inventory increased by $8,000, accounts payable increased by $3,000, and $4,000 of depreciation was recorded. Therefore, based only on this information, the net cash flows from operating activities for Valliant for 2019 was:

Group of answer choices

$64,000.

$60,000.

$67,000.

$70,000