Laser World's income statement reported total revenues, $870,000 and total expenses (including $44,000 depreciation) of $755,000. The balance sheet reported the following: Accounts Receivable-beginning balance, $58,000 and ending balance, $60,500; Accounts Payable-beginning balance, $26,500 and ending balance, $32,500. Therefore, based only on this information, the net cash flows from operating activities were:
$162,500.
$155,500.
$118,500.
$150,500.
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