STATEMENT OF CASH FLOWS

Fruitvale Company prepared the following income statement for 2018 Sales Cost of goods sold Gross profit Operating expenses: $242 175 67 Salaries expense Depreciation expense Rent expense $ 12 14 31 36 Operating income Loss on sale of land Net income Also, the company's December 31 balance sheet revealed the $32 following 2018 2017 Accounts payable 24 15 Accounts receivable 33 Land Inventory Wages payable 60 78 27 20 The net increase (decrease) in cash from operating activities for 2018 was: Select one: o a. 68 o b. None of the above. O C. 14 o d. 32 o e. 24