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Trenton reports tax-exempt profit of $230,000 for the year ended December 31. Year 2. It also reports $87.700 depreciation expense and a $5,000 gain on

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Trenton reports tax-exempt profit of $230,000 for the year ended December 31. Year 2. It also reports $87.700 depreciation expense and a $5,000 gain on the sale of equipment. Its comparative statement of financial position reveals a $35,500 decrease in accounts receivable, a $15,750 increase in accounts payable, and a $12,500 decrease in wages payable. Calculate the new cash from (used in) operating activities using the indirect method. a. $356,450. b. $351,450. c. $376,450 Od $319,950. e. $263.750

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