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The net income reported on the income statement for the current year was $197,000. Depreciation was $59,000. Accounts receivable and inventories increased by $19,000 and
The net income reported on the income statement for the current year was $197,000. Depreciation was $59,000. Accounts receivable and inventories increased by $19,000 and $8,000, respectively. Prepaid expenses and accounts payable decreased, respectively, by $800 and $14,000. Investments were sold at a gain of $18,000. How much cash was provided by operating activities
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