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GJ Company, a manufacturer, has provided the following information pertaining to its recent year of...

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Accounting

GJ Company, a manufacturer, has provided the following information pertaining to its recent year of operation:

  • Net income, $420,000
  • Accounts payable decreased $34,000
  • Prepaid assets increased $23,000
  • Depreciation expense was $45,000
  • Accounts receivable decreased $33,000
  • Loss on sale of a depreciable asset was $23,000
  • Wages payable increased $28,000
  • Unearned revenue decreased $23,000
  • Patent amortization expense was $14,000

Using the indirect method, how much was GJ's net cash provided by operating activities?

$460,000

$529,000

$483,000

$357,000

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