Net cash flow from operating activities

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At the end of the first year of operations, the balance sheet of Midwood Medical Supply showed the following account balances: Accounts Receivable, $4,900; Accounts Payable, $5,900; Inventory, $2,900; and Unexpired Insurance, $1,900. The corporation reported net income of $78,000 for the year, including depreciation expense of $4,900, and uses the indirect method of computing net cash flow from operating activities. Solely on the basis of this information, net cash flow from operating activities is:

$81,000.

$76,100.

$77,000.

$79,100.

Reference no: EM131055572

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