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An analysis of the balance sheet and income statement of Sanchez Company revealed the following: net income, $12,750; depreciation expense, $32,600: decrease in accounts receivable,
An analysis of the balance sheet and income statement of Sanchez Company revealed the following: net income, $12,750; depreciation expense, $32,600: decrease in accounts receivable, 21,500: increase in inventory, $18,300: increase in accounts payable, $19,800: and a decrease in interest payable of $1200.
Compute the net cash flows from operating activities using the indirect method.
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