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Rachel's Recordings reported net income of $ 2 6 0 , 0 0 0 . Beginning balances in Accounts Receivable and Accounts Payable were $

Rachel's Recordings reported net income of $260,000. Beginning
balances in Accounts Receivable and Accounts Payable were $17,000
and $22,000 respectively. Ending balances in these accounts were
$9,500 and $30,000, respectively. Assuming that all relevant
information has been presented, Rachel's net cash flows from
operating activities would be:Multiple Choice$275,500.$260,000.$244,500.$267,500.

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