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A company's income statement showed the following: net income, $125,000 and depreciation expense, $30,300. An examination of the company's current assets and current liabilities showed
A company's income statement showed the following: net income, $125,000 and depreciation expense, $30,300. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,500; merchandise inventory increased $18,200, and accounts payable increased $3,500. Calculate the net cash provided or used by operating activities.
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