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Rose Inc.'s income statement reported the following select information for 20X1: Depreciation expense, $30,000. Net income, $1,000,000. . An analysis of its balance sheet showed

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Rose Inc.'s income statement reported the following select information for 20X1: Depreciation expense, $30,000. Net income, $1,000,000. . An analysis of its balance sheet showed the following relevant account balance changes from the beginning to the end of the year. Account balance change from 1/1/X1 to 12/31/X1: Accounts Receivable increased $10,000 Inventory decreased $18,000 Accounts Payable increased $4,000 Question: Using the information from above, what amount should Rose show as its net cash inflows from operating activities for 20X1? Select one: O a. $ 1,004,000 O b. $ 1,042,000 O c. $ 974,000 O d. $ 1,034,000 O e $ 1,018,000 Of $ 988,000

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