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Determining Net Cash Flow from Operating Activities Presented below are selected balance sheet information and the income statement for Burch Company. Selected Balance Sheet Information

Determining Net Cash Flow from Operating Activities

Presented below are selected balance sheet information and the income statement for Burch Company.

Selected Balance Sheet Information
Jan. 1 Dec. 31
Cash $9,300 $17,500
Accounts receivable 8,000 10,500
Inventory 24,500 21,000
Accounts payable 10,000 15,000
Income taxes payable 2,500 1,200

Burch Company
Income Statement
For the year ended December 31
Sales $250,000
Cost of goods sold (160,000)
Depreciation expense (15,600)
Other expenses (35,000)
Income tax expense (12,000)
Net income $27,400

Required:

Compute the net cash flows from operating activities using the indirect method. $fill in the blank

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