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Assume that Ames Companys net income of $151,000 .it was based on sales of $600,000, cost of goods sold of $200,000, salaries and wages of
Assume that Ames Companys net income of $151,000 .it was based on sales of $600,000, cost of goods sold of $200,000, salaries and wages of $157,000, depreciation expense of $44,000, and income tax expense of $48,000. Prepare the cash flows from operating activities section of the statement of cash flows using the direct method.
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