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During 2022, Gross Company earned net income of $384,000, which included depreciation expense of $78,000. In addition, the company experienced the following changes in the account balances listed below:
Increases
Accounts receivable$12,000
Inventory$24,000
Decreases
Unearned Revenues$45,000
Accrued liabilities $33,000
Prepaid insurance $24,000
Problem 1: Assuming the indirect method, what amount will be shown for net cash provided by operating activities?
Select one:
a. $372,000
b. $420,000
c. $294,000
d. $267,000
e. $492,000
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