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A company's income statement showed the following: net income, $137,000 and depreciation expense, $33,900. The company's current assets and current liabilities showed the following changes:
A company's income statement showed the following: net income, $137,000 and depreciation expense, $33,900. The company's current assets and current liabilities showed the following changes: accounts receivable decreased $10,700; merchandise inventory increased $20,600; and accounts payable increased $4,700. Calculate the net cash provided or used by operating activities.
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