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What is the amount of Cash Flows

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Question - Cherry Blossoms, Inc. reported 2020 Net Income of $67,000. Included in the Net Income were Depreciation Expense, $9,500, and a Gain on Sale of Equipment, $2,300.

All of the following accounts increased during 2020:

Accounts Receivable $2,700

Inventory 4,500

Prepaid Rent 6,200

Available for Sale Securities 1,600

Accounts Payable 3,900

Required - What is the amount of Cash Flows Provided by Operating Activities for the year ended December 31, 2020?

a. $67,000

b. $64,700

c. $63,100

d. $54,200

Reference no: EM132533337

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