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Using the following data, prepare Stanley Inc.'s Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Net income

Using the following data, prepare Stanley Inc.'s Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Net income $525,000 Depreciation expense 82,500 Gain on disposal of equipment 14,600 Increase in accounts receivable 10,150 Decrease in accounts payable (3,300)

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