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The net income reported on the income statement for the curtent year was $58,000, Depreciotion recorded on fixed assets for the year was $24,000. Fn

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The net income reported on the income statement for the curtent year was $58,000, Depreciotion recorded on fixed assets for the year was $24,000. Fn addition, equ pment with an original cost of $130,000 and accumulated depreciation of $115,000 on the date of the sale was sold for $20,000. Bolances of the current asset and current liability accounts at the end and beginning of the year are as follows: Prepare the operating activities section of the statement of cash fows using the indirect method. Use the minus sign to indicate caih cut fows, cash payments. decreases in cash, or any negative adjustments. Prepore the operating activibes section of the statement of cash fows using the Indirect method. Use the minus sign to indicate cash out flows, cash payments. decreases in cash, or any negative adjustments. Anaration Artivitios

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