Chew Corporation prepares its statement of cash flows using the indirect method of reporting operating activities. Net
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Chew Corporation prepares its statement of cash flows using the indirect method of reporting operating activities. Net income for the 2024 fiscal year was $1,250,000. Depreciation expense of $140,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash:
Required:
Calculate cash flows from operating activities for 2024.
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