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Coronado Company completed its first year of operations on December 31, 2022. Its initial income statement showed that Coronado had sales revenue of $193,600 and
Coronado Company completed its first year of operations on December 31, 2022. Its initial income statement showed that Coronado had sales revenue of $193,600 and operating expenses of $70,700. Accounts receivable and accounts payable at year-end were $69,300 and $30,100, respectively. Assume that accounts payable related to operating expenses. Ignore income taxes. Compute net cash provided by operating activities using the direct method. (Show amounts that decrease cash flow with either a sign e.g. 15,000 or in parenthesis e.g. (15,000).) Net cash provided by operating activities $
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