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A companys income statement showed the following net income

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A company's income statement showed the following: net income, $130,300; depreciation expense, $31,500, and gain on sale of plant assets, $14,750. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,900; merchandise inventory increased $19,000; prepaid expenses decreased $6,700; accounts payable increased $3,700. Calculate the net cash provided or used by operating activities.

Reference no: EM13592791

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