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The net income reported on the income statement for the current year was $227000. Depreciation recorded on plant assets was $35100. Accounts receivable and inventories
The net income reported on the income statement for the current year was $227000. Depreciation recorded on plant assets was $35100. Accounts receivable and inventories increased by $2000 and $7500, respectively. Prepaid expenses and accounts payable decreased by $2100 and $12000 respectively. How much cash was provided by operating activities? $242700$262100$207500$227000
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