Baird Company reported depreciation expense of $27,200 and net income of $50,400 on its Year 2 income statement. During Year 2, the company's accounts receivable balance decreased by $13,600. Based on this information alone, what was the amount of cash flow from operating activities?
A) $36,800
B) $50,400
C) $91,200
D) $77,600
Correct Answer:
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