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Preparing the Cash Flow from Operating Activities Section Sarasota Corp. reported net income of $80,000, which included depreciation expense of $10,400. It also reported a
Preparing the Cash Flow from Operating Activities Section
Sarasota Corp. reported net income of $80,000, which included depreciation expense of $10,400. It also reported a decrease in accounts receivable and salaries payable of $5,600 and $3,200, respectively. Further, it reported an increase in inventory of $11,200 and an increase in accounts payable of $7,680.
Calculate its net cash provided by operating activities $____
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