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CLASSWORK STATEMENT OF CASH FLOWS 1. The net income reported on the income statement for the current year was $510,000. Depreciation recorded on plant assets

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CLASSWORK STATEMENT OF CASH FLOWS 1. The net income reported on the income statement for the current year was $510,000. Depreciation recorded on plant assets was $76,000. Accounts receivable and inventories increased by $40,000 and $16,000, respectively. Prepaid expenses and accounts payable decreased by $2,000 and $32,000, respectively. How much cash was provided by operating activities

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