Net income is $280,000; Depreciation expense is $38,000; Accounts receivable decreased $2,400; Credit card receivables decreased $2,600;

Question:

Net income is $280,000; Depreciation expense is $38,000; Accounts receivable decreased $2,400; Credit card receivables decreased $2,600; Prepaid insurance increased $2,880; Inventory decreased $3,700; Accounts payable increased $4,700; and other accrued payables decreased $3,600.

Complete net cash flow from operations activities, indirect method.

LO1

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