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Concord Industrial reported $ 9 9 0 0 cash used in the operating activities section of the Statement of Cash Flows and the following data:

Concord Industrial reported $9900 cash used in the operating activities section of the Statement of Cash Flows and the following data: depreciation expense $11200; an accounts payable increase of $10700; a $2600 decrease in accounts receivable; an increase in wages payable of $7600; and a $15300 gain on the sale of long-term investments. Concord's net income/loss for the period was $26700 loss. $1500 income. $37900 loss. $8400 income.

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