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Question - The following information relates to Jelsa Corporation for last year:
Net Income $64,000
Net decrease in all current assets except cash 7,000
Net increase in current liabilities 16,000
Dividends paid in common stock 10,000
Depreciation expense 8,000
Loss on sale of machinery 5,000
Required - What is Jelsa's net cash provided by operating activities for last year of the statement of cash flows?
a. $54,000
b. $58,000
c. $68,000
d. $100,000
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