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Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Net income Depreciation expense $284,00043,52 begin{tabular}{lrr|} & Beginning & multicolumn{1}{c|}{

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Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Net income Depreciation expense $284,00043,52 \begin{tabular}{lrr|} & Beginning & \multicolumn{1}{c|}{ Ending } \\ \hline Accounts receivable & $32,640 & $48,960 \\ Supplies & 10,880 & 6,800 \\ Prepaid rent & 8,16 & 12,240 \end{tabular} \begin{tabular}{|lrc|} \hline Accounts payable & Beginning & Ending \\ Salaries payable & $23,12 & $17,68 \\ Income tax payable & 24,48 & 14,960 \\ & 27,200 & 35,360 \end{tabular} Required: 1. Use your spreadsheet to recalculate the Operating Activities section of the Statement of Cash Flows: (Amount to be deducted should be indicated by a minus sign.)

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