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Sheffield Corp. had net income of $943400 for the year ending 12/31/2022. Depreciation expense for 2022 is $116600. During the year, accounts receivable and inventory
Sheffield Corp. had net income of $943400 for the year ending 12/31/2022. Depreciation expense for 2022 is $116600. During the year, accounts receivable and inventory increased $63600 and $169600, respectively. Prepaid expenses and accounts payable decreased $8480 and $16960, respectively. There was also a loss on the sale of equipment of $12720. How much cash was provided by operating activities in 2022?
| $1195680. |
| $805600. |
| $831040. |
| $1144800. |
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