Blanchard Corporation determines operating cash flows by the indirect method . (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Blanchard's net cash provided by operating activities during 2020 was O A. $46,000 B. $1,500 C. $36,500 OD. $53,000 i Income statement - X Blanchard Corporation Income Statement For the Year Ended December 31, 2020 Sales revenue $ 185,000 4,000 $ 189,000 Gain on sale of equipment Cost of goods sold Depreciation 119,000 8,500 25,000 152,500 Other operating expenses $ 36,500 Net income Print Done Balance sheet - Blanchard Corporation Comparative Balance Sheet As at December 31, 2020 and 2019 Liabilities and 2020 2019 Assets Shareholders' Equity Accounts payable S Cash 8,000 $ 8,000 Accounts receivable Accrued liabilities 2020 2019 $ 6,500 $ 5,000 5,000 11,000 14.000 13,000 97 000 69,000 $ 122,500 $ 98,000 9,000 7.000 9,000 73.000 Inventories 18.000 Common shares 88 500 Plant and equipment, net Retained earnings S 122,500 $ 98,000 Print Done