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What is klutz net cash provided by operating activities

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Question - Klutz Dance Studio had net income of $199,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash flows for the year:

Decrease in accounts receivable $32,000

Increase in accounts payable $19,000

Increase in retained earnings $108,000

Cash paid for purchase of new music equipment $28,000

Depreciation expense $6,600

Klutz uses the indirect method to prepare its statement of cash flows. What is Klutz's net cash provided by (used in) operating activities?

Reference no: EM131986307

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