Wolfe, Inc. reported net income of $ 48,000

$48,000; depreciation expenses of $ 11,000

$11,000; a gain on a land sale of $ 5,000

$5,000; and a decrease in Accounts Receivable of $ 2,500

$2,500. Under the indirectmethod, net Cash Flows from operationsis:

A.

$66,500.

B.

$51,500.

C.

$61,500.

D.

$56,500.

I just need the letter answer thank you!