The financial statements of Garver, Inc., provide the following information for the current year:

	Dec.31				Jan.1
Accounts receivable	$	70,000			$	80,000
Inventory	$	110,000			$	102,000
Prepaid expenses	$	24,000			$	28,000
Accounts payable (for merchandise)	$	66,000			$	64,000
Accrued expenses payable	$	30,000			$	40,000
Net sales	$	520,000
Cost of goods sold	$	260,000
Operating expenses (including depreciation of $36,000)	$	160,000

Net cash flow from operating activities for the current year is:

Select one:

a. $114,000.

b. $118,000.

c. $122,000.

d. $134,000