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Question Completion Status: 5. TCOM Company reported net income of $400,000 for the current year. Depreciation recorded on buildings and equipment amounted to $73,000 for

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Question Completion Status: 5. TCOM Company reported net income of $400,000 for the current year. Depreciation recorded on buildings and equipment amounted to $73,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $22.000 $15,000 Accounts receivable 17,000 32,000 Inventory 55,000 65,000 Prepaid insurance 7,500 5,000 Accounts payable 11.000 18,000 Income taxes payable 600 1,200 The cash flows from the operating activities section of the statement of cash flows is: O A $490,900 8.5492.900 OC $487,900 OD S490,400

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