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The income statement of Hauser Company is presented on the next page. Additional information:1. Accounts receivable decreased $290,000 during the year, and inventory increased $140,000.2. Prepaid expenses increased $175,000 during the year.3. Accounts payable to merchandise suppliers increased $63,000 during the year.4. Accrued expenses payable increased $145,000 during the year.
Instructions
Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2012, for Hauser Company, using the indirect method.
The following accounts and their balances appear in the ledger of Heart and Saul Inc. on April 30 of the current year:
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