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The Following Account Balances Are for Curran Company Additional Data for Year 2:
(1)Sales on Account for the l

Question 33

Multiple Choice

The following account balances are for Curran Company: 12/31/ Year 112/31/ Year 2 Accounts receivable $84,000$60,000 Prepaid rent 8,0004,000 Long-tem marketable securities 80,00070,000 Dividends payable 6,0002,000 Salaries payable 8,000$2,000 Notes payable 44,00034,000\begin{array} { l r r } & 12 / 31 / \text { Year } 1 & 12 / 31 / \text { Year } 2 \\\text { Accounts receivable } & \$ 84,000 & \$ 60,000 \\\text { Prepaid rent } & 8,000 & 4,000 \\\text { Long-tem marketable securities } & 80,000 & 70,000 \\\text { Dividends payable } & 6,000 & 2,000 \\\text { Salaries payable } & 8,000 & \$ 2,000 \\\text { Notes payable } & 44,000 & 34,000\end{array} Additional data for Year 2:
(1) Sales on account for the period totaled $100,000.
(2) Salary expense was $14,000.
(3) Rent expense was $12,000.
Based on this information,what was the net cash inflow from operating activities for Year 2?


A) $88,000.
B) $84,000.
C) $92,000.
D) $74,000.

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