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

A company's income statement showed the following: net income, $145,000 and depreciation expense, $36,300. An...

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Accounting

A company's income statement showed the following: net income, $145,000 and depreciation expense, $36,300. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,500; merchandise inventory increased $22,200; and accounts payable increased $5,500. Calculate the net cash provided or used by operating activities.

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