Accounts Receivable from Sales to Customers Amounted to $40,000 and $32,000

Multiple Choice

Accounts receivable from sales to customers amounted to $40,000 and $32,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $110,000. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows using the indirect method is

A) $118,000
B) $110,000
C) $102,000
D) $150,000