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Vernon Brands, Incorporated, presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Vernon's Year 2

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Vernon Brands, Incorporated, presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Vernon's Year 2 and Year 1 year-end balance sheets. Assume that Accounts Payable is used for purchases of inventory only.
\table[[Account Title,Year 2],[Accounts receivable,$22,000
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