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Somerset Company, a manufacturer, uses the indirect method for preparing its statement of cash flows....

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Accounting

Somerset Company, a manufacturer, uses the indirect method for preparing its statement of cash flows. The company has provided the following information pertaining to its recent year of operaton:
Cash flow from operating activitues, $148.000
Accounts payable decreased $13,500
Prepald assets increased $8,100
Depreclation expense was $14,100
Accounts recelvable decreased $11,100
Loss on sale of a depreciable asset was $9200
Wages payable increased $5,600
Unearned revenue decreased $9,200
Patent amortization expense was $5,600
How much was Somerset's net Income?
Muiriple Cholce
$105.600
$133.200
$140,000.
$105,000.
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