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1) Chino Company reported net income of $21,000 for the current year. During the year, Inventory decreased by $7,100, Accounts Payable decreased by $8,050, Depreciation

1)

Chino Company reported net income of $21,000 for the current year. During the year, Inventory decreased by $7,100, Accounts Payable decreased by $8,050, Depreciation Expense was $10,100, and Accounts Receivable increased by $6,600. If the indirect method is used, what is the net cash provided by operating activities?

2)

A corporation prepared its statement of cash flows for the year. The following information is taken from that statement:

Net cash provided by operating activities $32,500
Net cash provided by investing activities $6,000
Cash balance, beginning of year $7,600
Cash balance, end of year $12,700

What is the amount of net cash provided by (used in) financing activities?

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