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The net income reported on the income statement for the current year was $226000. Depreciation was $49000. Accounts receivable and inventories decreased by $5000
The net income reported on the income statement for the current year was $226000. Depreciation was $49000. Accounts receivable and inventories decreased by $5000 and $14000, respectively. Prepaid expenses and accounts payable increased, respectively, by $500 and $13000. Investments were sold at a loss of $21100. How much cash was provided by operating activities? $243500. $298500. $289500. $327600.
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