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  3. tc hotel's net income for the year ended january 3

TC Hotel's net income for the year ended January 31,2020 was $103,000. Additional data for...

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Accounting

TC Hotel's net income for the year ended January 31,2020 was $103,000. Additional data for the year is provided below.
Purchase of property and equipment $261,000
Depreciation of property and equipment $10,700
Dividends declared $60,000
Decrease in beverage inventory $27,000
Loss on sale of equipment $18,000
Issue of common shares $19,900
Calculate the net cash provided (used) by operating activities using the indirect method.
Do not enter dollar signs or commas in the input boxes.
Use the negative sign for a decrease in cash.
Increase or decrease in cash from operating activities = $Answer

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