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For a recent year, the following line items from a hospitals financial statements and records reported the following: Net Income $180,000 Depreciation expense $20,000 Salary
For a recent year, the following line items from a hospitals financial statements and records reported the following:
Net Income | $180,000 |
Depreciation expense | $20,000 |
Salary expense | $10,000 |
Increase in Accounts receivable | $30,000 |
Decrease in Accounts Payable | $15,000 |
Purchase of Equipment | $50,000 |
Principal payment of notes payable | $12,000 |
Based only on the above information, what amount will the hospital report as Cash Provided/Used due to Operating Activities in the cash flow statement (note all accounts do not have to be used for this problem)?
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