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20. Marino, Inc.'s income statement is shown below. Based on this income statement and the additional information provided, calculate the company's net cash provided by
20. Marino, Inc.'s income statement is shown below. Based on this income statement and the additional information provided, calculate the company's net cash provided by operating indirect method (10 points possible). activities using the Marino, Inc Income Statement For the Year Ended December 31, 2018 $248,000 116,000 $132,000 Sales. Cost of goods old. Gross profit.. Operating expenses: Wages and salaries expese Rent expense. $48,000 18,000 30,000 24,000 Other operating expenses 120,000 12,000 26,000 S 38,000 13.300 s 24,700 Total operating expenses Additional information: S 4,000 16,000 300 10,000 14,000 20,000 Decrease in prepaid expenses... Decrease in merchandise invenory Decrease in long-term notes payable
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