Question: Please show work Extracted below are information from the Scarlett Knight Corporation's Statement of Cash Flow prepared as of the year-end 2021. Use the below

Please show work Extracted below are information from the Scarlett Knight Corporation'sPlease show work

Extracted below are information from the Scarlett Knight Corporation's Statement of Cash Flow prepared as of the year-end 2021. Use the below information gathered to compute the cash flows from operating activities. Please show how you arrived at your final answer. Payment of salaries and wages $38,000.00 Collection of dividend revenue $5,000.00 Depreciation $24,000.00 Payment of interest $17,000 Increase in current liabilities $11,000.00 Cash sales $50,000.00 Increase in current assets other than cash $15,000.00 Gain on sale of land $7,000.00 Payment of dividends $3,000.00 Land acquisition $29,000.00 Collection of accounts receivable $60,000.00 Payment of accounts payable $50,000.00 Net Income $26,000.00 Payment of income tax $11,000.00 A) $6,500.00 B) $7,000.00 C) ($6,000.00) D) ($60,000.00) E) $65,000.00

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