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Neal Company reported net income of $160,000. For 2020, depreciation was $40,000, and the company reported a gain on disposal of investments of $10,000. Accounts
Neal Company reported net income of $160,000. For 2020, depreciation was $40,000, and the company reported a gain on disposal of investments of $10,000. Accounts receivable increased $25,000 and accounts payable decreased $20,000. Compute net cash provided by operating activities using the indirect method.
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