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Martinez Company reported net income of $487000 for the year ended 12/31/25. Included in the computation of net income were the following: depreciation expense, $59400,
Martinez Company reported net income of $487000 for the year ended 12/31/25. Included in the computation of net income were the following: depreciation expense, $59400, amortization of patent, $31100; income from an investment in the common stock of Riverbend Inc., accounted for under equity method, $48000; and amortization of bond discount, $11500. Martinez also paid $79900 dividend during the year. The net cash provided by operating activities would be reported at
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