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Grantham Company reported the following data for 20XX Accounts Receivable Increase $105,000 Accounts Payable Increase $10,000 Depreciation Expense $18,000 Taxes Payable Decrease $3,000 Inventory Increase

Grantham Company reported the following data for 20XX

Accounts Receivable Increase

$105,000

Accounts Payable Increase

$10,000

Depreciation Expense

$18,000

Taxes Payable Decrease

$3,000

Inventory Increase

$2,000

Sold Equipment

$50,000

Prepaid Expense Decrease

$5,000

Loss on Sale of Equipment

$12,000

Net Income

$575,000

Cash Dividends Paid

$60,000

Instructions

Using the applicable data from above, net cash flows from operating activities under the indirect method is [x].


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