The net income for Letterman Company for 2012 was $320,000. During 2012, depreciation on plant assets was
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The net income for Letterman Company for 2012 was $320,000. During 2012, depreciation on plant assets was $124,000, amortization of patent was $40,000, and the company incurred a loss on sale of plant assets of $21,000. Compute net cash flow from operating activities.
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