Balancing Act, Inc. recognized net income of $560,000 including $46,000 in depreciation expense.
Additional changes from the balance sheet are as follows.
Accounts Receivable $3,300 decrease
Prepaid Expenses $18,000 decrease
Inventory $9,000 increase
Accrued Liabilities $4,800 decrease
Accounts Payable $65,200 increase
Compute the net cash from operating activities based on the above information.
a) $678,700
b) $634,200
c) $500,200
d) $477,700