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What was the company cash flow from operations

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Question - Katie's Kool-Aid Company earned $67,000 in 2019. The company began the year with $12,000 in accounts receivable and $8,000 in accounts payable; and it ended the year with $9,000 in accounts receivable and $17,000 in accounts payable. The company also sold an industrial mixer for a $2,000 gain and paid dividends of $1,000. If the balance sheet accounts listed above were its only balance sheet accounts used during the year, what was the company's cash flow from operations?

a. $79,000

b. $76,000

c. $78,000

d. $77,000

Reference no: EM132608395

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