At the end of the first year of operations, the balance sheet of Huntington Beach Co.Industries had the following balances: Accounts Receivable, $5,000; Accounts Payable, $6,000; Inventory, $3,000; and Unexpired Insurance, $2,000.The corporation reported net income of $79,000 for the year, including depreciation expense of $5,000, and uses the indirect method of computing net cash flow from operating activities.Based on this information, net cash flow from operating activities is:
A) $82,000
B) $78,000
C) $80,000
D) $77,000

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The Answer of At the end of the first year of operations, the balance sheet of Huntington Beach Co.Industries had the following balances: Accounts Receivable, $5,000; Accounts Payable, $6,000; Inventory, $3,000; and Unexpired Insurance, $2,000.The corporation reported net income of $79,000 for the year, including depreciation expense of $5,000, and uses the indirect method of computing net cash flow from operating activities.Based on this information, net cash flow from operating activities is:
A) $82,000
B) $78,000
C) $80,000
D) $77,000

At the End of the First Year of Operations, the Balance