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Kermit & Fozzie, Co. reported net income of $72,000 for the year. During the year, accounts receivable increased by $8,000, accounts payable decreased by $4,000

Kermit & Fozzie, Co. reported net income of $72,000 for the year. During the year, accounts receivable increased by $8,000, accounts payable decreased by $4,000 and depreciation expense of $8,500 was recorded. Net cash provided by operating activities for the year is

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