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4/22/18, Problem 15-7 Bradley Company's net income last year was $77,000. Changes in the company's balance sheet accounts for the year appear below: Debit balances:

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4/22/18, Problem 15-7 Bradley Company's net income last year was $77,000. Changes in the company's balance sheet accounts for the year appear below: Debit balances: Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant and equipment $12,000 (16,000) 18,000 7,000 20,000 70,000 Credit balances: Accumulated depreciation Accounts payable Accrued liabilities Taxes payable Bonds payable Common stock Retained earnings 32,000 26,000 (4,000) 7,000 (20,000) 30,000 40,000 The company declared and paid cash dividends of $37,000 last year. Required: A. Prepare the operating activites section of the company's statement of cash flows for the year. (Use the indirect method.) Amounts to be deducted should be indicated by a minus sign. Bradley Company's Operating Activities Section Add (deduct) adjusting items

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