Glitter Girl, Inc. recognized net income of $205,000 including $60,000 in depreciation expense. Additional changes from the balance sheet are as follows.
Accounts Receivable $2,000 decrease
Prepaid Expenses $15,500 decrease
Inventory $36,000 increase
Accrued Liabilities $10,000 decrease
Accounts Payable $40,000 increase
Compute the net cash from operating activities based on the above information.
a) $156,000
b) $117,000
c) $276,000
d) $281,000