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RM Company, a manufacturer, has provided the following information pertaining to its recent year of operation: Net Income = $390,000 Accounts payable increased $33,000 Prepaid

RM Company, a manufacturer, has provided the following information pertaining to its recent year of operation:

  • Net Income = $390,000
  • Accounts payable increased $33,000
  • Prepaid rent decreased $14,500
  • Depreciation expense was $44,000
  • Accounts receivable increased $43,000
  • Gain on sale of building was $15,500
  • Sale of long-term investment for $9,000 cash
  • Wages payable decreased $30,000
  • Unearned revenue increased $53,000
  • Patent amortization expense was $5,000

Using the indirect method, how much was RM's net cash provided by operating activities? (In other words, what would RM Company show as its net Cash Flow from Operations? )

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