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

	December 31	January 1
Accounts receivable	$ 292,000	$ 431,500
Inventory	$ 286,250	$ 271,000
Prepaid expenses	$ 74,800	$ 72,500
Accounts payable (for merchandise)	$ 265,800	$ 259,550
Accrued expenses payable	$ 66,150	$ 81,950
Net sales	$ 3,192,500
Cost of goods sold	$ 1,684,500
Operating expenses (including depreciation of $68,000)	$ 386,500

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

Multiple Choice

• $1,369,900

• $1,301,900

• $1,638,500

• $1,636,200