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1-3-4 The net income reported on the income statement for the current year was $206000. Depreciation was $45000. Accounts receivable and inventories decreased by $4000
1-3-4
The net income reported on the income statement for the current year was $206000. Depreciation was $45000. Accounts receivable and inventories decreased by $4000 and $13000, respectively. Prepaid expenses and accounts payable increased, respectively, by $400 and $12000. Investments were sold at a loss of $20700. How much cash was provided by operating activities?
| $273400. |
| $300300. |
| $222400. |
| $264400 |
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