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The following information is available for XYZ Company: January 1, 2017 December 31, 2017 Assets Cash 25000 30000 Accounts Receivable 80000 74000 Supplies 7000 10000

The following information is available for XYZ Company:

January 1, 2017 December 31, 2017
Assets
Cash 25000 30000
Accounts Receivable 80000 74000
Supplies 7000 10000
Land 69000 57000
Equipment 20000 20000
Accumulated Depreciation <6000> <8000>
Liabilities + Equity
Accounts Payable 14000 19000
Short Terms Note Payable 52000 17000
Salaries Payable 7000 1000
Common Stock 40000 50000
Retained Earnings 82000 96000

During 2017, XYZ Company reported a net income of $26,000, recorded depreciation expense of $2,000, and sold land costing $12,000 for $20,000 cash. Using the indirect method, calculate the net cash flow from operating activities for 2017. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234). Do not use decimals in your answer.

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