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6. Penn Corp. reported the following information for 2017 and 2018: 2017 2018 Accounts receivable...

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Accounting

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6. Penn Corp. reported the following information for 2017 and 2018: 2017 2018 Accounts receivable $170000 $20000 CAet ViSo) Prepaid expenses 8000 4000L3) Accounts payable 55000 90000 LL Ar Salaries payable 13000 10o00 Total comprehensive income Depreciation expense Gain on sale of equipment 350 000 5 000 7 000 method to prepare the operating activities section of the statement of cash flows, If Penn uses the indirect what amount will be reported as net cash inflow from operating activities for 2018? a) $505000 b) $198000 c) $498000 d) $376000 98

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