At the end of the first year of operations, the statement of financial position of Midwood Medical Supply showed the following: Accounts Receivable, $5,000; Accounts Payable, $6,000; Inventory, $3,000; and Unexpired Insurance, $2,000. The corporation reported profit of $79,000 for the year, including depreciation expense of $5,000, and uses the indirect method of computing net cash from operating activities. Solely on the basis of this information, net cash from operating activities is:
A) $78,000.
B) $82,000.
C) $77,000.
D) $80,000.

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The Answer of At the end of the first year of operations, the statement of financial position of Midwood Medical Supply showed the following: Accounts Receivable, $5,000; Accounts Payable, $6,000; Inventory, $3,000; and Unexpired Insurance, $2,000. The corporation reported profit of $79,000 for the year, including depreciation expense of $5,000, and uses the indirect method of computing net cash from operating activities. Solely on the basis of this information, net cash from operating activities is:
A) $78,000.
B) $82,000.
C) $77,000.
D) $80,000.

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