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Assume a company's net cash provided by operating activities is $81,000. It provided the following excerpts from its balance sheet: This Year Last Year

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Assume a company's net cash provided by operating activities is $81,000. It provided the following excerpts from its balance sheet: This Year Last Year Current assets: Accounts receivable $ 41,000 $ 46,000 Inventory $ 53,000 $ 44,000 $ 13,000 $ 11,000 $ 40,000 $ 44,000 $ 18,000 $ 15,000 $ 13,000 $ 10,000 Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable Also assume the company incurred a loss on the sale of equipment of $7,000 and the credits to its accumulated depreciation account are $22,000. Required: 1. Calculate the adjustment that would appear in the operating activities section of the statement of cash flows for each of the following: 2. Calculate the company's net income. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the adjustment that would appear in the operating activities section of the statement of cash flows for each of the following: Note: Negative amounts should be indicated by a minus sign. a. Depreciation b. Accounts receivable c. Inventory d. Prepaid expenses e. Accounts payable f. Accrued liabilities g. Income taxes payable h. Loss on the sale of equipment

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