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Lucia Ltd. reported net income of $135,500 for the year ended December 31, 2021. January 1 balances in accounts receivable an

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Answer #1
Net income 135500
Less: Increase in Accounts Receivable -3000 =27200-30200
Less: Decrease in Accounts Payable -4000 =22100-26100
Cash flows from Operating activities 128500
Option B $128,500 is correct
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