Curly Industries Generated Net Income of $980 for the Year

Multiple Choice

Curly Industries generated net income of $980 for the year. The depreciation expense was $120 and dividends paid were $250. The accounts payable decreased by $60, accounts receivable decreased by $20, inventory increased by $80, and net fixed assets increased by $360. What is the net cash flow from operating activity?

A) $940
B) $950
C) $980
D) $1,100
E) $1,140