Lense Laboratories' net income was $290,000. Given the account information below, what is the net cash flows from operating activities for Lense Laboratories? Increase in Accounts Receivable $ 64,000 Increase in Salaries Payable $ 57,500 Decrease in Inventory $ 36,500 Depreciation Expense $ 49,000 Increase in Prepaid Insurance $ 3,600 Multiple Choice
a. $500,600
b. $365,400
c. $299,600
d. $378,400
