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Brief Exercise 189 Larkspur Company prepared the tabulation below at December 31, 2022. Net Income $400,000 Adjustments to reconcile net income to net cash provided

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Brief Exercise 189 Larkspur Company prepared the tabulation below at December 31, 2022. Net Income $400,000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $45,500 Increase in accounts receivable $55,000 Decrease in inventory $10,200 Increase in accounts payable $8,000 Increase in prepaid expenses $4,700 Decrease in income taxes payable $3,000 Gain on disposal of land $8,400 Net cash provided (used) by operating activities Show how each item should be reported in the statement of cash flows. (Show amounts that decrease cas LARKSPUR COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to LARKSPUR COMPANY Partial Statement of Cash Flows $ $ Adjustments to reconcile net income to 1 $ Click if you would like to Show Work for this question: Open Show Work

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