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Chew Corporation prepares its statement of cash flows using the Indirect method of reporting operating activities. Net Income for the 2021 fiscal year was $1,268,000.

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Chew Corporation prepares its statement of cash flows using the Indirect method of reporting operating activities. Net Income for the 2021 fiscal year was $1,268,000. Depreciation expense of $158.000 was included with operating expenses in the income statement The following information describes the changes in current assets and abilities other than cash: 0170,000 Increase in Bocoonte receivable Decrease in inventory Decrease in prepaid expenses Decreasi watarios payable Theresse in in t eres payable 80,000 48.000 62,000 Required: Prepare the cash flows from operating activities for 2021. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities: Adjustments for noncash effects Changes in operating assets and liabilities Net cash flows from operating activities

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