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Walker Company reports net income of $420,000 for the year ended December 31, 1010. It also reports $75, 500 depreciation expenses and a gain of

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Walker Company reports net income of $420,000 for the year ended December 31, 1010. It also reports $75, 500 depreciation expenses and a gain of $11,000 on the sale of machinery its comparative balance sheets reveal a $33, 600 decrease in accounts receivable, $17, 220 increase in accounts payable, $9, 240 decrease in prepaid expenses, and $53, 020 increase in wages payable. What is the net cash flows provided (used) by operating activities using the indirect method? ($557, 680) $300, 800 $561, 200 ($300, 800) $557, 680

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