Baird Company Reported Depreciation Expense of $10,000 and Net Income

Multiple Choice

Baird Company reported depreciation expense of $10,000 and net income of $16,000 on its Year 1 income statement.During Year 1,the company's accounts receivable balance decreased by $4,000.Based on this information alone,what was the amount of cash flow from operating activities?

A) $12,000
B) $16,000
C) $32,000
D) $30,000