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Durrand Corporation's accumulated depreciation increased by $ 1 1 , 3 0 7 , while patents decreased by $ 3 , 5 1 5 between

Durrand Corporation's accumulated depreciation increased by $11,307, while patents decreased by $3,515 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 $4,006 from sale of land. The company earned a net income of $41,414. 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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