Timber firewood company reported the following numbers in its 2010 income statement:
EBIT $520,000
Depreciation $35,000
Interest expenses $24,000
General expenses $110,000
If it's marginal tax rate was 30%, what were Timber's cash flows from operating activities for 2010?
a. $347,200
b. $382,200
c. $496,000
d. $520,000