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Current Attempt in Progress The comparative balance sheets for Sheffield Corp. show these changes in noncash current asset accounts: accounts receivable decreased $81,100, prepaid expenses
Current Attempt in Progress The comparative balance sheets for Sheffield Corp. show these changes in noncash current asset accounts: accounts receivable decreased $81,100, prepaid expenses increased $24,700, and inventories increased $43,400. Compute net cash provided by operating activities using the indirect method, assuming that net income is $195,600. (Show amounts that decrease cash flow with either a - sign eg. 15,000 or in paren thesis eg. (15,000).)
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