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Question - Hysing, Corp. had the following information available for 2016: Please show calculations
Net income
$2,000
Depreciation expense
800
Cash used purchasing equipment during 2016
1,500
Accounts receivable at 12/31/15
750
Accounts receivable at 12/31/16
850
Accounts payable at 12/31/15
900
Accounts payable at 12/31/16
975
Cash received from issuing stock during 2016
3,000
Cash used repaying money borrowed from bank during 2016
650
Hysing had no current assets or current liabilities other than those listed above and no other non-cash expenses. What is Hysing's operating cash flow for 2016?
a. $2,975
b. $2,775
c. $1,275
d. $2,325
e. None of the above.
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