Question: 9. Larry Mitchell, Bailey Companys controller is gathering data for the statement of cash flows for the most recent year end. Mitchell is planning to

9. Larry Mitchell, Bailey Companys controller is gathering data for the statement of cash flows for the most recent year end. Mitchell is planning to use the direct method to prepare this statement and has made the following list of cash inflows for the period:

Collections of $100,000 for goods sold to customers

Securities purchased for investment purposes with an original cost of $100,000 sold for $125,000

Proceeds from the issuance of additional company stock totaling $10,000

The correct amount to be shown as cash inflows from operating activities is. Please explain answer

A.	$135,000
B.	$225,000
C.	$235,000
D.	$100,000

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