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Content Area A company had net income of $290,660 and depreciation expense of $22,646. During the year, accounts receivable and inventory increased by $18,452 and
Content Area A company had net income of $290,660 and depreciation expense of $22,646. During the year, accounts receivable and inventory increased by $18,452 and $37,362, respectively. Prepaid expenses and accounts payable decreased by $3,781 and $5,050, respectively. There was also a loss on the sale of equipment of $7,041. How much was the net cash flows from operating activities on the statement of cash flows using the indirect method?\
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