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Wolfe, Inc. reported net income of $ 5 5 , 0 0 0 ; depreciation expenses of $ 1 2 , 0 0 0 ;

Wolfe, Inc. reported net income of $55,000; depreciation expenses of $12,000; a gain on a land sale of $1,000; and a decrease in Accounts Receivable of $2,500. Under the indirect method, net Cash Flows from operations is:
A. $70,500.
B. $68,500.
C. $63,500.
D. $69,500.
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