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Problem - Bramble Corporation had the following 2017 income statement.
Revenues
$109,000
Expenses
63,000
$46,000
In 2017, Bramble had the following activity in selected accounts.
Accounts Receivable
1/1/17
22,000
Write-offs
900
109,000
Collections
99,000
12/31/17
31,100
Allowance for Doubtful Accounts
1,200
Bad debt expense
1,700
2,000
Required - Prepare Bramble's cash flows from operating activities section of the statement of cash flows using the direct method.
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