Sharon and Associates uses the indirect method for preparing the statement of cash flows. The following accounts and balances were drawn from the company's accounting records: Account Title Accounts Receivable $15,000 Prepaid Insurance $2.300 Accounts Payable $12,000 Unearned Revenue $3,200 Net income for the period was $28,000. The NET cash flows from operating activities equals: Beginning Balance Ending Balance $22,000 $1,500 12,900 $2.900 O $22.400 $17.400 O $33,600 $28,000