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The following are line items included in the 2012 statement of cash flows prepared by Goodly's Clothing Company.Depreciation expense..............$5,500Increase in accounts receivable ..........$1,500Increase in accounts payable ...........$13,200Increase in accrued salaries payable .........$4,300Increase in inventories ...............$11,900Gain on disposal of long-term assets ........$150Increase in income taxes payable ..........$2,200Net income .................$17,000
Required:
Prepare the operating cash flow section of Goodly's statement of cash flows using the indirect method.
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