The net income reported on the income statement for the year was $55,000, and depreciation of fixed assets for the year was $22,000. The balances of the current asset and current liability accounts at...

The net income reported on the income statement for the year was $55,000, and depreciation of fixed assets for the year was $22,000. The balances of the current asset and current liability accounts at the beginning and end of the year are shown below.

The total amount reported for cash flows from operating activities in the statement of cash flows, using the indirect method, is:

A. $33,000.                             C. $65,500.

B. $55,000.                              D. $77,000.