Martinez, Inc. reported net income of $2.5 million in 2007. Depreciation for the year was $160,000, accounts

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Martinez, Inc. reported net income of $2.5 million in 2007. Depreciation for the year was $160,000, accounts receivable decreased $350,000, and accounts payable decreased

$280,000. Compute net cash provided by operating activities using the indirect approach.

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