What amount will be reported as net cash inflow

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Problem - Mariel Corp. reported the following information for 2019 and 2020. Accounts receivable 2019-P150,000 2020 - P120,000 Prepaid expenses 2019-P9,000 2020 -P 10,000 Accounts payable 2019- P 65,000 2020 -P 80,000 Salaries payable 2019-P12,000 2020 -P 5,000 Net income 200,000 Depreciation expense 14,000 Gain on sale of equipment 6,000. If Mariel uses the indirect method to prepare the operating activities section of the statement of cash flows, what amount will be reported as net cash inflow from operating activities for 2020?

a. P232,000

b. P215,000

c. P245,000

d. P247,000

Reference no: EM133019004

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