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  3. a company's income statement showed the following:

A company's income statement showed the following: net income, $144,000 and depreciation expense,...

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Accounting

A company's income statement showed the following: net income, $144,000 and depreciation expense, $36,000. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $11,400; merchandise inventory increased $22,000; and accounts payable increased $5,400. Calculate the net cash provided or used by operating activities.

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