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Concord Company reported net income of $93000 for the year ended December 31,2020. During the year, inventories decreased by $14900, accounts payable decreased by $20100,

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Concord Company reported net income of $93000 for the year ended December 31,2020. During the year, inventories decreased by $14900, accounts payable decreased by $20100, depreciation expense was $17500 and a gain on disposal of equipment of $8700 was recorded. Net cash provided by operating activities in 2020 using the indirect method was $89500. $107900. $96600. $105300

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