In preparing a company's statement of cash flows using the indirect method, the ...
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In preparing a company's statement of cash flows using the indirect method, the following information is available:
| Net income | $ 70,000 |
|---|---|
| Accounts payable increased by | 19,800 |
| Accounts receivable decreased by | 26,800 |
| Inventories increased by | 8,600 |
| Depreciation expense | 35,400 |
Net cash provided by operating activities was:
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