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Use the following information from the company's financial statements to determine operating net cash flows (indirect method). Net Income $285,000 Depreciation expense $12,000 Loss on

Use the following information from the company's financial statements to determine operating net cash flows (indirect method).

Net Income $285,000

Depreciation expense $12,000

Loss on sale of land $5,500

Decrease in accounts receivable $1,400

Decrease in accounts payable $1,400

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