Answers
Cash flows from operating activities: | ||
Net income | 98000 | |
Adjustment for noncash effects: | ||
Depreciation expense | 24000 | |
Decrease in accounts receivable | 16000 | |
Increase in inventory | -6000 | |
Decrease in accounts payable | -9000 | |
Net cash flows from operating activities | 123000 | |
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