___ 36. Selected data from Robb Inc.'s current fiscal year ending 20X9 is shown below. Determine the amount of cash Robb Inc. reported 1/1/X9.

Net cash flows provided by operating activities $130,000

Net cash flows used by investing activities ($240,000)

Net cash flows provided by financing activities $40,000

Cash balance 12/31/X9 $150,000

A) $70,000 B) $80,000 C) $220,000 D) $260,000 E) $560,000

___ 37. Vagle Company reported beginning and ending cash balances of $10,000 and $7,000, respectively. At year-end, Vagle reported net income of $160,000 and the statement of cash flows for the period reports the following: net cash flows used by investing activities ($250,000) and net cash flows provided by financing activities $100,000. Given this information, how much was reported as net cash flows from operating activities?

A) $3000 B) $147,000 C) $153,000 D) $157,000 E) $163,000