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

	Dec.31				Jan.1
Accounts receivable	$	273,000			$	241,500
Inventory	$	262,500			$	252,000
Prepaid expenses	$	67,200			$	63,000
Accounts payable (for merchandise)	$	237,300			$	221,550
Accrued expenses payable	$	66,150			$	72,450
Net sales	$	3,097,500
Cost of goods sold	$	1,627,500
Operating expenses (including depreciation of $94,500)	$	367,500

New World's net cash flow from operating activities for the current year is:

Select one:

a. $1,191,750

b. $1,192,800

c. $1,113,000

d. $1,160,250