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Assuming net income for the year is $240,000 and consider the following information, what is the net cash flows from operating activities? Increase in salaries

Assuming net income for the year is $240,000 and consider the following information, what is the net cash flows from operating activities? Increase in salaries payable $ 16,500 Depreciation expense 7,500 Increase in prepaid rent 27,000 Loss on sale of asset 1,350 Increase in accounts payable 28,500 Increase in inventory 53,000

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