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