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The income statement of Culver Company is shown below. Additional information: 1. Accounts recelvable decreased $320,000 during the year. 2. Prepaid expenses increased $160,000 during

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The income statement of Culver Company is shown below. Additional information: 1. Accounts recelvable decreased $320,000 during the year. 2. Prepaid expenses increased $160,000 during the year 3. Accounts payable to suppliers of merchandise decreased $240,000 during the year. 4. Accrued expenses payable decreased $130,000 during the year. 5. Administrative expenses include depreciation expense of $50,000. Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2025, for Culver Company. using the indirect method. (Show amounts that decrease cash flow with either a-sign es. 15,000 or in parenthesis es. (15,000) ) Partial Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income $870,000. Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $50,000 Decrease in Inventory 320,000 Increase in Prepaid Expenses 160,000 Decrease in Accounts Payable 240.000 Decrease in Accrued Expenses Payable 320,000

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