At the end of the first year of operations, Meacham's statement of financial position showed the following: Accounts Receivable, $13,400; Inventory, $9,400; and Accounts Payable, $14,650. The company's income statement reports profit for the year of $37,400, including depreciation expense of $10,400. Using only the given information, compute Meacham's net cash from operating activities using the indirect method.
A) $65,250.
B) $39,650.
C) $24,350.
D) $26,650.

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The Answer of At the end of the first year of operations, Meacham's statement of financial position showed the following: Accounts Receivable, $13,400; Inventory, $9,400; and Accounts Payable, $14,650. The company's income statement reports profit for the year of $37,400, including depreciation expense of $10,400. Using only the given information, compute Meacham's net cash from operating activities using the indirect method.
A) $65,250.
B) $39,650.
C) $24,350.
D) $26,650.

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