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The Ned Stark Publishing Co. had the following current asset and liability information for 2017: 12/31/2016 12/31/2017 Change Cash $135,000 $105,000 -$30,000 Accounts receivable 70,000

The Ned Stark Publishing Co. had the following current asset and liability information for 2017:

12/31/2016 12/31/2017 Change
Cash $135,000 $105,000 -$30,000
Accounts receivable 70,000 80,000 10,000
Inventory 60,000 85,000 25,000
Prepaid rent 85,000 35,000 -50,000
Total current assets $350,000 $305,000
Accounts payable $ 40,000 $ 30,000 -$10,000
Accrued interest payable 20,000 25,000 5,000

Accrued wages payable

70,000 65,000 -5,000
Total current liabilities $130,000 $120,000

Ned reported net income of $60,000 and depreciation of $30,000. They purchased $50,000 in property, plant and equipment. Based on this information, Neds 2017 cash flow from operations is $[a] net cash [b].

The first blank is for a dollar amount. Do not use the $ sign or decimals in your answer. Commas are ok.

Use the following abbreviations for the second blank.

I for inflow

O for outflow

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