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ESTION 7 1. The net income for Lodi Co. for 2012 was $270,000. For 2012, depreciation on plant assets was $50,000, and the company

ESTION 7 1. The net income for Lodi Co. for 2012 was $270,000. For 2012, depreciation on plant assets was $50,000, and the company incurred a gain on sale of plant assets of $12,000. Compute net cash provided by operating activities under the indirect method.

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