Washington Corp If Washington Uses the Indirect Method to Prepare the Operating

Multiple Choice

Washington Corp.reported the following information for 2016 and 2017. $\begin{array}{lrr}& \mathbf{2 0 1 6} & \mathbf{2 0 1 7} \\\text { Accounts receivable } & \$ 101,000 & \$ 93,000 \\\text { Prepaid expenses } & 5,000 & 6,000 \\\text { Accounts payable } & 71,000 & 76,000 \\\text { Salaries payable } & 5,000 & 4,000 \\\text { Net income } & & 80,000 \\\text { Depreciation expense } & & 9,000 \\\text { Gain on sale of equipment } & & 5,000\\\end{array}$ If Washington uses the indirect method to prepare the operating activities section of the statement of cash flows, what amount will be reported as net cash inflow from operating activities for 2017?

A) $73,000
B) $83,000
C) $95,000
D) $105,000