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In 20X6, MLL Corporation borrowed $125,000, paid dividends of $35,800, issued 10,300 shares for $46 per share, purchased land for $256,000, and received dividends of

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In 20X6, MLL Corporation borrowed $125,000, paid dividends of $35,800, issued 10,300 shares for $46 per share, purchased land for $256,000, and received dividends of $25,000. Net income was $162,000, and depreciation for the year totaled $8,500. How much should be reported as net cash provided by operating activities by the indirect method? A. $170,500 B. $231,000 C. $208,100 D. $153,500

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