The net income reported on the income statement for the current year was $310,000 Depreciation recorded on fixed assets and amortization of patents for the year were $40.000 und 89,000, respectively, Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning $50,000 $60,000 Accounts receivable 112,000 108,000- laves 105,000 93,000 Prepaid expenses 6,500+ Accounts payable (merchandise creditors) 75,000 89.000- 4,500 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? $233.000 b. $289.000 - $387.000 d. 5331,000 assets dece assets inere 2 Accounts receivable arising from trade transactions amounted to $62,000 and $78,000 at the beginning and end of the year, respectively. Net income reported on the income statement for the year was $125,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method are: a $109,000 b $141.000 c. $125.000 d $140,000 3. From the following data for David ProElecticals, calculate the quick ratio. $ 68,500 Accounts receivable 130,000 Inventories 213.000 Prepaid expenses 25.000 Total current assets $436,500 Lass current liabilities_275.000 Working capital S161,500 216 5 0.7 003 dus co