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Walt Disney Company provided the following financial data for the year 2023: Item Amount Net Income $3,000,000 Depreciation Expense $550,000 Increase in Accounts Receivable $350,000

Walt Disney Company provided the following financial data for the year 2023:

Item

Amount

Net Income

$3,000,000

Depreciation Expense

$550,000

Increase in Accounts Receivable

$350,000

Decrease in Inventory

$260,000

Increase in Accounts Payable

$260,000

Dividends Paid

$460,000

Prepare the cash flow statement using the indirect method for Walt Disney Company for the year ending December 31, 2023.

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