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Zook Incorporated had net income for 2018 of $4,000,000. Additional information is as follows: $45,000 Amortization of patents $1,650,000 Depreciation on plant assets Long-term debt:
Zook Incorporated had net income for 2018 of $4,000,000. Additional information is as follows: $45,000 Amortization of patents $1,650,000 Depreciation on plant assets Long-term debt: $65,000 Bond premium amortization Interest paid $900,000 Provision for doubtful accounts: $80,000 Current receivables $30,000 Long-term nontrade receivables What should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2018, based solely on the above information? $5,820,000 $5,870,000 $5,740,000 $5,840,000
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