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Question 3 Skysong Company's accounts receivable arising from sales to customers amounted to $145000 and $127000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $553000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is $535000. $680000 O $553000 5571000 A corporation has the following account balances: Common Stock, $1 par value, $100000; Paid-in Capital Information, the EXCESS urrar va O average price per share issued is $2.77. legal capital is $2770000 number of shares issued is 100000 number of shares outstanding is 2770000