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Hamson Industries began 7021 wth its accounts receivable, inventory, and prepaid expenses totalng $52,000 and its total current labulies tolalng $31,000 Af the end of

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Hamson Industries began 7021 wth its accounts receivable, inventory, and prepaid expenses totalng $52,000 and its total current labulies tolalng $31,000 Af the end of the year these sarne ourrent assets totaled $50,000, whle is total cuenent lablities lotaled $22,000 Net ncome for the year wats $10,000 Included in net income wore a $2,000 loss on the sale of land and depreciation expense of 55,000 and for a net decreane in cash) Adjustments to reconcile net income to net cash provided by (used for) operating activities: Depreciation Loss on sale of land Decrease in accounts receivable, inventory, and prepaid expenses \begin{tabular}{rr|} $ & 5,000 \\ \hline9000 \\ \hline102000 \\ \hline(9,000) \\ \hline \end{tabular} Decrease in current liabilities Net cash provided by (used for) operating activities

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