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Cash Flows from ( Used for ) Operating Activities The net income reported on the income statement for the current year was $ 2 9

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Cash Flows from (Used for) Operating Activities
The net income reported on the income statement for the current year was $290,000. Depreciation recorded on equipment and a building amounted to $150,500 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:
\table[[,\table[[End],[of Year]],\table[[Beginning],[of Year]]],[Cash,$117,600,$135,000
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