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The following information is for Cleveland Company: 12/31/Year 3 12/31/Year 2 Accounts receivable $127,500 $180,000 Prepaid rent 46,000 20,200 Long-term investments 144,500 167,500 Dividends payable

The following information is for Cleveland Company:

12/31/Year 3 12/31/Year 2
Accounts receivable $127,500 $180,000
Prepaid rent 46,000 20,200
Long-term investments 144,500 167,500
Dividends payable 45,400 56,400
Salaries payable 161,000 171,800
Long-term notes payable 346,600 369,600

Additional data for the current year:

  1. (1) Sales on account for the period were $187,000.
  2. (2) Operating expenses for the period were $113,000.

Based on this limited information, what was the net cash flow from operating activities?

Multiple Choice

  • $36,600

  • $74,000

  • $89,000

  • $89,900

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