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The following information was collected from the most recent Income Statement and comparative Balance Sheet of Dolor Corporation:
Increase in cash
$36,000
Decrease in accounts receivable
$17,000
Increase in merchandise inventory
$44,000
Decrease in prepaid rent
$3,000
Increase in equipment
$56,000
Increase in accumulated depreciation
$18,000
Decrease in accounts payable
$25,000
Increase in salaries payable
$2,000
Increase in interest payable
$1,000
Decrease in deferred income taxes
$4,000
Increase in notes payable
$12,000
Dolor's net income for the year was $167,000. No direct exchange transactions occurred at Dolor during the year. No equipment was sold during the year. Cash dividends of $30,000 were declared and paid during the year. Dolor uses the indirect method to prepare its statement of cash flows.
Required:
Prepare Dolor's operating activities section of its statement of cash flows.
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