Rachel's Recordings reported net income of $280,000. Beginning balances in accounts receivable and accounts payable were $17,000 and $22,000 respectively. Ending balances in these accounts were $11, 500 and $30,000, respectively. Assuming that all relevant information has been presented. Rachel's cash flows from operating activities would be: $293, 500. $280,000. $285, 500. $266, 500