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What lucia cash flows from operating activities would be

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Question 1: Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2009. January 1 balances in accounts receivable and accounts payable were $29,000 and $26,000 respectively. Year-end balances in these accounts were $28,000 and $24,000, respectively. Depreciation expense is $8,000. Gain on sale of Land is 6,000. Assuming that all relevant information has been presented, Lucia's cash flows from operating activities would be:

Option 1: 136,000

Option 2: 134,000

Option 3: 130,000

Option 4: 138,000

Reference no: EM132523401

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