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Problem 1: Calculate cash flow from operations using the indirect method and the following data:
Net Income was $57,000 Accounts receivable decreased by $12,000 Inventory increased by $9,000 Proceeds from issuing long term debts was $25,000Accounts Payable increased $4,500 Equipment Purchases were $95,000 Depreciation and amortization expense was $21,000Prepaid expenses decreased $5,000
Option 1: $90,500Option 2: $100,500 Option 3: $20,500Option 4: None of the above
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