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Goodson Company reports the following selected information at year-end: Sales revenue $750,000 Interest revenue 6,000 Cost of goods sold 360,000 Wages expense 280,000 Depreciation expense
Goodson Company reports the following selected information at year-end: Sales revenue $750,000 Interest revenue 6,000 Cost of goods sold 360,000 Wages expense 280,000 Depreciation expense 43,000 Other (cash) operating expenses 95,000 Proceeds from sale of equipment 37,000 Beginning of Year End of Year Accounts receivable $ 55,000 $ 49,000 Interest receivable 4,200 3,400 Inventory 221,000 225,000 Accounts payable 33,000 38,000 Wages payable 26,000 18,000 Using the direct method, compute the amount of net caph flow provided (used) by operating activities for Goodson Company. Please, present the Cash Flow Statement in good form
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