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Alfonza Incorporated presents its statement of cash flows using the indirect method. The following accounts...

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Accounting

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Alfonza Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's Year 2 and Year 1 year-end balance sheets. The Year 2 income statement showed net income of $28,500. Required a. Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.)

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