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For the year ended Dec 31, 2019, Omni Company reported net income of $73,650; depreciation expense increased of $3,300, and recognized $6,700 loss on disposal

For the year ended Dec 31, 2019, Omni Company reported net income of $73,650; depreciation expense increased of $3,300, and recognized $6,700 loss on disposal of equipment.

In addition, current operating assets and liabilities from the companys comparative balance sheet were as follows:

Dec 31, 2019 Dec 31, 2018

Accounts Receivable $5,600 $4,635

Inventory $7,300 $4,500

Accounts Payable $6,750 $3,455

Based upon above information, please generate cash flows from operation activities in 2018.

Cash flows from operating activities:

Net Income

$73,650

Adjustments to reconcile net income to net cash flow from operating activities

Depreciation

$__________

Loss on Disposal of Equipment

$__________

Changes in current operating assets and liabilities (Put increase/decreased of current asset or current liability account)

?_________________________

$__________

?_________________________

$__________

? _________________________

$__________

Net Cash Flow from Operating Activities $___________

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