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PLEASE INCLUDE ALL STEPS TOWARD FINAL SOLUTION! 9. Select information for Michael's Inc. is as follows: 2019 Net Income 565,000 2020 $575,000 92,000 Depreciation exp.

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PLEASE INCLUDE ALL STEPS TOWARD FINAL SOLUTION!

9. Select information for Michael's Inc. is as follows: 2019 Net Income 565,000 2020 $575,000 92,000 Depreciation exp. 87,000 455,000 550,000 2,350,000 1,970,000 3,055,000 2,800,000 445,000 Dividends Accounts Receivable Inventory Accts. Payable & Accruals Long-Term Debt Common Stock Retained Earnings 530,000 2,150,000 2,800,000 2,220,000 6,170,000 2,500,000 6,250,000 Calculate Michael's Cash Flow from Operating Activities for 2020

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