QUESTION $4$

Barney's Franks has net cash flows from operating activities for the last year of $$21$ million. The income statement shows that net income is $$25$ million and depreciation expense is $$7$ million. During the year, the change in inventory on the balance sheet was an increase of $$6$ million, change in accrued wages and taxes was an increase of $$2$ million and change in accounts payable was an increase of $$2$ million. At the beginning of the year the balance of accounts receivable was $$7$ million. What was the end$-$of$-$year balance for accounts receivable?

$$12$ million

$$3$ million

$$16$ million

$$9$ million