Question - From the information given below, calculate the net cash flows from operating activities using the indirect method.
Net income $170,000
Depreciation 5,750
Loss on disposal of plant asset 4,000
Increase in inventory 7,500
Increase in prepaid expenses 5,460
Decrease in accounts payable 6,750
A. $152,040
B. $160,040
C. $173,540
D. $176,460