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Tiki Corporation had net income of $120,000 during the year. Depreciation expense was $6,000. The following information is available: Held- to-Maturity Bonds purchased 25,000 increase

Tiki Corporation had net income of $120,000 during the year. Depreciation expense was $6,000. The following information is available:

Held- to-Maturity Bonds purchased 25,000 increase
Common Stock issued 70,000 increase
Accounts Receivable 10,000 decrease
Accounts Payable 15,000 increase
Gain on sale of AFS Investment 5,000 increase

What amount should Tiki report as net cash provided by operating activities in its statement of cash flows for the year?

  • $146,000

  • $30,000

  • $20,000

  • $10,000

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