Statement of Income			Additional Data
Sales	$800,000		Decrease in accounts payable	$30,000
Cost of sales	400,000		Proceeds from the sale of land	40,000
Gross profit	400,000		Increase in inventory	40,000
Cash operating expenses	100,000		Decrease in accounts receivable	5,000
Depreciation	40,000
Loss on sale of land	20,000
Net income	$240,000

Using the indirect method, the net cash flow from operating activities was

A

$365,000.

B

$300,000.

C

$235,000.

D

$240,000.