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A company's income statement showed the following: net income, $131,000 and depreciation expense, $32,100. An examination of the company's current assets and current liabilities showed
A company's income statement showed the following: net income, $131,000 and depreciation expense, $32,100. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $10,100; merchandise inventory increased $19,400; and accounts payable increased $4,100. Calculate the net cash provided or used by operating activities.
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