Cash flows from operating activities

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Reference no: EM13749158

Lucia Ltd. reported net income of $135,700 for the year ended December 31, 2016. January 1 balances in accounts receivable and accounts payable were $28,600 and $26,500, respectively. Year-end balances in these accounts were $32,000 and $22,600, respectively. Assuming that all relevant information has been presented, Lucia's cash flows from operating activities would be:

$143,000.

$128,400.

$75,100.

$139,100.

Reference no: EM13749158

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