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QUESTION 9 The White Company uses the indirect method of presenting the Statement of Cash Flows. At 12/31/2021, an investigation of their 2020 and 2021

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QUESTION 9 The White Company uses the indirect method of presenting the Statement of Cash Flows. At 12/31/2021, an investigation of their 2020 and 2021 Balance Sheets reveals that the balance in Net Accounts Receivable has decreased by $100,000 from 2020 to 2021 and the balance in Accounts Payable has decreased by $75,000 from 2020 to 2021. The balance in Net Property, Plant and Equipment has decreased by $15,000 and they noted that no property, plant or equipment was purchased or sold during 2021. REQUIRED: Prepare the Operating Cash Flow Section of the 2021 Statement of Cash Flows for the White Company by providing the adjustments to reconcile net income of $850,000 to net cash flows provided by operating activities. You may copy and paste the following table into the textbox and complete the relevant sections. Statement of Cash Flows White Company for the Year Ended December 31, 2021 Cash Flows From Operations: Net Income $850,000 Adjustments to reconcile net income to net cash provided by operating activities

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