12. Chisholm Associates uses the indirect method for preparing the statement of cash flows. The following accounts and balances were drawn from the company's accounting records: End.Bal 2,50043,000 4,000 28,800 6,800 Accounts receivable Prepaid insurance Accounts pavable Unearned revenue 7,100 26,500 8,900 Net income for the period was $70,000. The net cash flows from operating activities would be: O $67700 O $67000 O $75,200 O $62,800