Royal Corporation Uses the Indirect Method of Computing Net Cash

Multiple Choice

Royal Corporation uses the indirect method of computing net cash flow from operating activities and reported the following for 2018: Accounts receivable decreased by $10,300,merchandise inventory increased by $15,300,accounts payable decreased by $4,000,and income taxes payable increased by $18,800.If Royal Corporation reported net income for 2018 of $157,800 (including $34,800 of depreciation expense) ,net cash flow from operating activities for 2018 is:

A) $202,400.
B) $132,800.
C) $164,800.
D) $221,700.