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Discuss method to prepare its statement of cash flows

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Majorn Auto Parts Store had net income of $85,000 for the year just ended. Majorn collected the following additional information to prepare its statement of cash flows for the year:

  Increase in accounts receivable $110,000  
  Decrease in inventory $22,000  
  Decrease in accounts payable $39,000  
  Increase in retained earnings $33,000  
  Cash received from sale of building $219,000  
  Gain on sale of building $51,000  
  Depreciation expense $36,000  

Majorn uses the indirect method to prepare its statement of cash flows. What is Majorn's net cash provided (used) by operating activities?

Reference no: EM131789386

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