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- #2 - N&M Corporation reported the following information for the current year: A. Net income is $560 million. B. Sales of assets $26 million.

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#2 - N&M Corporation reported the following information for the current year:

A. Net income is $560 million.

B. Sales of assets $26 million.

C. Customer accounts receivable decreased by $14 million.

D. Repurchases of common stock were $20 million.

E. Depreciation expense was $38 million.

F. Income tax payable increased by $4 million.

G. Long-term debt decreased by $13 million.

H. Accounts payable increased by $9 million.

I. Inventories increased by $24 million.

Required: Based on the above information, calculate the following items:

a) Cash flow from operating activities.

b) Cash flow from investing activities.

c) Cash flow from financing activities.

d) The increase or decrease in the cash balance.

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