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13. Use the information below to prepare the operating section of the statement of cash flows using the direct method. Cash sales $450,000 Cash payments

13. Use the information below to prepare the operating section of the statement of cash

flows using the direct method.

Cash sales $450,000

Cash payments to suppliers 109,300

Cash payments to employees 95,780

Cash payments for income taxes 46,700

Cash receipts for accounts receivable 120,000

Cash payments for utilities 27,400

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