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Calculator The net income reported on the income statement for the current year was $294,553. Depreciation recorded on fixed assets and amortization of patents for the year were $38,575 and $11,568, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $53,450 $39,975 Accounts Receivable 127,345 103,052 Inventories 109,309 83,765 Prepaid Expenses 4,646 8,151 Accounts Payable (merchandise creditors) 45,865 70,203 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method
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Calculator The net income reported on the income statement for the current year was $294,553. Deprec...
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