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The following data relates to Laurier Inc. for the year. Some amounts may be negative. A negative net income means a loss. A positive (negative)

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The following data relates to Laurier Inc. for the year. Some amounts may be negative. A negative net income means a loss. A positive (negative) change in asset or liability account means the asset or liability account increased (decreased) during the year. Net Income 70000 Depreciation expense 3000 Dividends paid 18000 Change in accounts receivable 2000 Change in Inventory -6000 Change in accounts payable 3500 Purchase of equipment 46000 There were no other changes in current assets or liabilities. Calculate operating cash flow for the year. Not all of the amounts provided should be used in your calculation. Some items are distractors

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