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For the most recent year, your holiday decorating business had the following net income and changes in balance sheet items. Net Income $ 15,000 Change
For the most recent year, your holiday decorating business had the following net income and changes in balance sheet items.
Net Income | $ 15,000 |
Change in accounts receivable | $ 3,000 |
Change in inventory | $ (1,000) |
Change in accounts payable | $ 2,000 |
Change in long-term debt | $ 5,000 |
Based on this information, for the year what was your company's operating cash flow (include $ and comma in your answer)?
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