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Durrand Corporation's accumulated depreciation increased by $ 1 4 , 3 1 4 , while patents decreased by $ 2 , 3 9 8 between

Durrand Corporation's accumulated depreciation increased by $14,314, while patents decreased by $2,398 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 $3,210 from the sale of land. Reconcile net income of $58,274 to net cash flows from operating activities. $
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