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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

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