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Sheffield Company reported net income of $73000 for the year. During the year, accounts receivable decreased by $7500, accounts payable increased by $4500 and depreciation

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Sheffield Company reported net income of $73000 for the year. During the year, accounts receivable decreased by $7500, accounts payable increased by $4500 and depreciation expense of $5500 was recorded. Using the indirect method, net cash provided by operating activities for the year is $90500. $67500. $61000. $70500

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