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Stacy Company's net income last year was $27,000. Changes in selected balance sheet accounts for the year appear below: (Decrcases) Dell balances: Accounts receivable $(8,000)

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Stacy Company's net income last year was $27,000. Changes in selected balance sheet accounts for the year appear below: (Decrcases) Dell balances: Accounts receivable $(8,000) 5,000 Inventory Prepaid experises (4.000) Credit balances: Accumulated Depreciation 12,000 Accounts payable 11,000 Accrued liabilities (7,000) Taxes payable 2,000 Based solely on this infornation, the net cash flows from operating activities under the indirect method on the statement of cash flows would be 0 a $38,000. b. $2.000, c. $39,000 d S$2,000

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