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Grouper Corporation reported net income of $53,700 in 2017. Depreciation expense was $17,000. The following working capital accounts changed. Accounts receivable $11,700increaseAvailable-for-sale debt securities 14,900increaseInventory
Grouper Corporation reported net income of $53,700 in 2017. Depreciation expense was $17,000. The following working capital accounts changed.
Accounts receivable
$11,700increaseAvailable-for-sale debt securities
14,900increaseInventory
7,100increaseNontrade note payable
13,800decreaseAccounts payable
12,900increase
Compute net cash provided by operating activities.
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