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A company had net income of $287,570 and depreciation expense of $24,244. During the year, accounts receivable and inventory increased by $18,576 and $34,008, respectively.
A company had net income of $287,570 and depreciation expense of $24,244. During the year, accounts receivable and inventory increased by $18,576 and $34,008, respectively. Prepaid expenses and accounts payable decreased by $2,140 and $7,661, respectively. There was also a loss on the sale of equipment of \$3,588. How much was the net cash flows from operating activities on the statement of cash flows using the indirect method? a. $250,121 b. $257,297 c. $305,491 d. $315,402
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