At the End of the First Year of Operations,Meacham's Balance

Multiple Choice

At the end of the first year of operations,Meacham's balance sheet showed the following account balances: Accounts Receivable,$13,400;Inventory,$9,400;and Accounts Payable,$14,650.The company's income statement reports net income of $37,400,including depreciation expense of $10,400.Using only the given information,compute Meacham's net cash flow from operating activities using the indirect method.

A) $65,250
B) $39,650
C) $24,350
D) $26,650