Assuming Net Income for the year is $250,000, what is the net operating cash flows given the following information:

Increase in Salaries Payable $19,500

Depreciation Expense $6,000

Increase in Prepaid Rent $29,000

Loss on sale of asset $1,350

Increase in Accounts Payable $29,000

Increase in Inventory $61,000

a) $338,650

b) $215,850

c) $244,850

d) $250,850

Operating Cash Flows $215,850

Explanation:

Calaculation of Net operating Cash flow

Net Income$250,000

Adjustments for noncash effects:

Depreciation Expense 6,000

Loss on sale of asset 1,350

Changes in current assets and current liabilities:

Increase in Salaries Payable 19,500

Increase in Prepaid Rent (29,000)

Increase in Accounts Payable 29,000

Increase in Inventory (61,000)

Operating Cash Flows $215,850