Sage Hill Company's accounts receivable arising from sales to customers amounted to $138000 and $121000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $526000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is:
$509000.
$526000.
$543000.
$647000.
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