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A company's income statement showed the following: net income, $146, 800; depreciation expense, $35, 400, and gain on sale of plant assets, $16, 700. An
A company's income statement showed the following: net income, $146, 800; depreciation expense, $35, 400, and gain on sale of plant assets, $16, 700. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11, 200; merchandise inventory increased $21, 600; prepaid expenses decreased $8,000; accounts payable increased $4, 600. Calculate the net cash provided or used by operating activities. $196, 700 $8,000 $166,000 $173,000 $167, 700
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