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Fox Co.'s statement of cash flows reported cash provided from operating activities of $400,000, and dividends received on common stock of $10,000, depletion of an
Fox Co.'s statement of cash flows reported cash provided from operating activities of $400,000, and dividends received on common stock of $10,000, depletion of an oil field of $100,000, and $50,000 of proceeds from the sale of Owl Co. common stock resulting in a loss of $7,000. In Fox's statement of cash flows, what amount was reported as net income?
Group of answer choices
$293,000
$507,000
$303,000
$307,000
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