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Procter & Gamble Co. provided the following financial data for the year 2023: Item Amount Net Income $2,500,000 Depreciation Expense $450,000 Increase in Accounts Receivable

Procter & Gamble Co. provided the following financial data for the year 2023:

Item

Amount

Net Income

$2,500,000

Depreciation Expense

$450,000

Increase in Accounts Receivable

$250,000

Decrease in Inventory

$200,000

Increase in Accounts Payable

$180,000

Dividends Paid

$350,000

Prepare the cash flow statement using the indirect method for Procter & Gamble Co. for the year ending December 31, 2023.

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