Question: When using the indirect method to prepare the statement of cash flows, net income is $23,000. There was a gain on disposal of an asset

When using the indirect method to prepare the statement of cash flows, net income is $23,000. There was a gain on disposal of an asset of $2,000, depreciation expense of $950, a decrease in Accounts Receivable of $3,200, and an increase in Accounts Payable of $2,500. What is the net cash flow from operating activities? A. $20,850 B. $18,250 C. $21,250 D. $27,650

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