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Given the following information, determine Net Cash Flows Provided by Operating Activities: Accounts 2020 2019 Accounts Receivable $40,000 $35,000 Inventory 21,000 33,000 Supplies 5,150 4,280
Given the following information, determine Net Cash Flows Provided by Operating Activities:
| Accounts | 2020 | 2019 |
| Accounts Receivable | $40,000 | $35,000 |
| Inventory | 21,000 | 33,000 |
| Supplies | 5,150 | 4,280 |
| Prepaid Insurance | 8,700 | 11,200 |
| Accounts Payable | 32,500 | 27,890 |
| Salaries Payable | 14,115 | 16,910 |
| Taxes Payable | 5,500 | 4,000 |
| Unearned Revenues | 8,700 | 11,100 |
| Additional Info: | ||
| Net Income | $112,000 | |
| Gain on Sale of Investments | 5,210 | |
| Depreciation Expense | 12,200 | |
| Amortization Expense | 5,210 |
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