The following selected account balances appeared on the financial statements of the Washington Company. Use these balances to answer the questions that follow.

The following selected account balances appeared on the financial statements of the Washington Company. Use these balances to answer the questions that follow. Accounts Receivable, Jan. 1 $14,873 Accounts Receivable, Dec. 31 7,375 Accounts Payable, Jan. 1 5,168 Accounts Payable, Dec. 31 8,929 Inventory, Jan. 1 7,855 Inventory, Dec. 31 15,230 Sales 73,546 Cost of Goods Sold 31,363 The Washington Company uses the direct method to calculate net cash flow from operating activities. Assume that all accounts payable are owed to merchandise suppliers. Oa. $66,048 Ob. $73,546 Oc. $81,044 Od. $77,283