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Maybach Incorporated presents its statement of cash flows using the Indirect method. The following accounts and corresponding balances were drawn from the company's Year

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Maybach Incorporated presents its statement of cash flows using the Indirect method. The following accounts and corresponding balances were drawn from the company's Year 2 and Year 1 year-end balance sheets: Account Title Year 2 Year 1 Accounts receivable $ 26,000 $ 23,900 Accounts payable 14,400 17,500 The Year 2 Income statement showed net Income of $28,500. Required: Prepare the operating activities section of the statement of cash flows. Cash Flows from Operating Activities Net income Net cash inflow from operating activities 27

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