Amazing Glory, Inc. recognized a net income of $55,000 including $8,000 in depreciation expense.
Additional changes from the balance sheet are as follows.
Accounts Receivable $1,200 decrease
Prepaid Expenses $600 decrease
Inventory $14,600 increase
Accrued Liabilities $1,000 decrease
Accounts Payable $2,100 increase
Compute the net cash from operating activities based on the above information.
a) $60,000
b) $36,100
c) $71,700
d) $51,300