Assuming Net Income for the Year Is $115,000,what Is the Net

question 34

Multiple Choice

Assuming Net Income for the year is $115,000,what is the net operating cash flows given the following information: $$\begin{array} { | l | r | } \hline \text { Increase in Salaries Payable } & \$ 16,000 \\\hline \text { Depreciation Expense } & \$ 6,000 \\\hline \text { Increase in Prepaid Rent } & \$ 24,000 \\\hline \text { Loss on sale of asset } & \$ 1,000 \\\hline \text { Increase in Accounts Payable } & \$ 25,000 \\\hline \text { Increase in Inventory } & \$ 50,000 \\\hline\end{array}$$

• A)$112,000.
• B)$88,000.
• C)$118,000.

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