The beginning and ending balances of Accounts Receivable for the year are $40,000 and $31,000, respectively. Income reported on the income statement for the year is $120,000. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows using the indirect method is

Question 8 options:

a)

$129,000

b)

$151,000

c)

$111,000

d)

$120,000