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Vattmann, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Vattmann, Inc. Income Statement Year Ended
Vattmann, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Vattmann, Inc. Income Statement Year Ended December 31, 2018 Sales Revenue $80,000 Interest Revenue 7,000 Gain on Sale of Plant Assets 1,500 Total Revenues and Gains $88,500 11,000 50,000 Depreciation Expense Other Operating Expenses Total Expenses Net Income (Loss) 61,000 $27,500 Additional information provided by the company includes the following: Current assets, other than cash, increased by $3,500. Current liabilities decreased by $2,000. Compute the net cash provided by (used for) operating activities
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