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Brandon Inc. reported the following items in its balance sheet and income statement: net income $92,600; gain on disposal of equipment, $15,800; increase in accounts
Brandon Inc. reported the following items in its balance sheet and income statement: net income $92,600; gain on disposal of equipment, $15,800; increase in accounts receivable, $17,400; decrease in accounts payable, $27,900; and increase in common stock, $50,000. Compute the net cash flows from operating activities using the indirect method.
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