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Accounts receivable arising from trade transactions amounted to $62,000 and $78,000 at the beginning and end of the year, respectively. Net income reported on the
Accounts receivable arising from trade transactions amounted to $62,000 and $78,000 at the beginning and end of the year, respectively. Net income reported on the income statement for the year was $125,000. Exclusive of the effect of other adjustments, the net cash flows from (used for) operating activities to be reported on the reconciliation of net income to net cash flows from (used for) operating activities are _____.
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