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Martinez Corporation had the following 2020 income statement. Sales revenue Cast of goods sold Gross pront Operating expenses includes depreciation of $22,000) Net income $192,000

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Martinez Corporation had the following 2020 income statement. Sales revenue Cast of goods sold Gross pront Operating expenses includes depreciation of $22,000) Net income $192,000 130,000 62,000 48,000 $14,000 The following accounts increased during 2020: Accounts Receivable $11.000, Inventory S12000, Accounts Payable $11,000. Prepare the cash flows from operating activities section of Martinez's 2020 statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-siynes -15,000 or in parenthesis ex (15.0001) Martinez Corporation Statement of Cash Flows-Indirect Method (Partial) For the Year Ended December 31, 2020 CAN Flows inocerating Acties NA Adjustments to reconcile nesincome to Cashout > $

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