Rachel's Recordings reported net income of $240,000. Beginning balances in Accounts Receivable and Accounts Payable were $17,000 and $21,000 respectively. Ending balances in these accounts were $10,500 and $27,000, respectively. Assuming that all relevant information has been presented, Rachel's net cash flows from operating activities would be: Multiple Choice $246,500. $240,000. $252,500 $227,500