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Durrand Corporation's acculmulated depreciation increased by $ 1 4 , 5 1 8 , while patents decreased by $ 2 , 9 8 2 between

Durrand Corporation's acculmulated depreciation increased by $14,518, while patents decreased by $2,982 between consecutive balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain of $3,781 from sale of land. The company earned a net income of $56,840. Assuming there were no changes in noncash current assets and liabilities, determine the net cash flows from operating activities under the indirect method.
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