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Calculate net cash provided or used by operating activities

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Reference no: EM132513723

A company's income statement showed the following:

net income, $124,000 and depreciation expense, $30,000.

An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; and accounts payable increased $3,400.

Question 1: Calculate the net cash provided or used by operating activities.

Reference no: EM132513723

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