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The accounting records of Unlucky Company provided the data below. Net loss Depreciation expense Increase in salaries payable Increase in accounts receivable Decrease in inventory

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The accounting records of Unlucky Company provided the data below. Net loss Depreciation expense Increase in salaries payable Increase in accounts receivable Decrease in inventory Amortization of patent Decrease in premium on bonds $40,000 12,000 11,000 4,000 4,800 700 500 Required: Prepare a reconciliation of net income to net cash flows from operating activities using the indirect method

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