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Use the following information from the Chocolate Companys financial statements: Income Statement Balance Sheet Sales $108,900 Cost of Goods Sold (67,000) Salaries Expense (23,000) Depreciation

Use the following information from the Chocolate Companys financial statements:

Income Statement Balance Sheet
Sales $108,900
Cost of Goods Sold (67,000)
Salaries Expense (23,000)
Depreciation Expense (9,000)
Net Income $9,900
Accounts Receivable Increase $2,300
Merchandise Invendory Decrease 1,900
Salaries Payable Increase 650

Determine operating net cash flows (indirect method)

_______

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