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The financial statements of Simon Co. include the following items (amounts in thousands): Income StatementFor the Year Ended December 31, 2020Net income$443Depreciation and amortization expense303

The financial statements of Simon Co. include the following items (amounts in thousands):

Income StatementFor the Year Ended December 31, 2020Net income$443Depreciation and amortization expense303

At December 31Balance Sheets20202019Accounts receivable$103$169Inventory153130Accounts payable73131Income taxes payable8929

Required:

a.Calculate the net cash flow provided by operations for Simon Co. for the year ended December 31, 2020.(Enter your answer in thousands. (i.e., 20,000 should be entered as 20))

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