Question: Hammer Inc. reported the following information: net income, $55,000, decrease in accounts receivable, $12,000; decrease in accounts payable, $6,500; and depreciation expense, $10,000. What amount

Hammer Inc. reported the following information: net income, $55,000, decrease in accounts receivable, $12,000; decrease in accounts payable, $6,500; and depreciation expense, $10,000.

What amount did Hammer report as cash flow from operating activities on its statement of cash flows?

Group of answer choices

$83,500

$50,500

$70,500

$59,500

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