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Cinno Company reported net income of $20,000 for the year ended December 31, 2014. During the year, inventories decreased by $7,000, accounts payable decreased by

Cinno Company reported net income of $20,000 for the year ended December 31, 2014. During the year, inventories decreased by $7,000, accounts payable decreased by $8,000, depreciation expense was $10,000, and accounts receivable increased by $6,500. Net cash provided by operations in 2014, computed using the indirect method was:

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