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A company had net income of $338400. Depreciation expense is $31200. During the year, accounts receivable and inventory increased $18000 and $48000, respectively. Prepaid expenses
A company had net income of $338400. Depreciation expense is $31200. During the year, accounts receivable and inventory increased $18000 and $48000, respectively. Prepaid expenses and accounts payable decreased $2400 and $16800, respectively. There was also a loss on the sale of equipment of $20400. How much cash was provided by operating activities?
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