Accounts Receivable Resulting from Sales to Customers Amounted to $40,000

Multiple Choice

Accounts receivable resulting from sales to customers amounted to $40,000 and $31,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $120,000. 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) $120,000
B) $129,000
C) $151,000
D) $111,000