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EMAX presents the following information from January 2019 till December 2019. Net income: $26,000 Depreciation: $6,000 Issuance of new bonds: $6,300 Expenses paid in cash

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EMAX presents the following information from January 2019 till December 2019. Net income: $26,000 Depreciation: $6,000 Issuance of new bonds: $6,300 Expenses paid in cash for utilities: $19,900 Gain on sales of a land: $6,500 Sales of land: S14,500 Purchases of new fixed assets (machines): 55,400 . . 2018 Accounts receivable, net Accounts pavable Inventory 2019 $10,000 $23,000 $16,000 14,000 20,000 13,000 Use the indirect method and find the net cash flow from operating ivities. Ignore tax effects

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