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Question
Smithson Corporation had the following selected balance sheet changes for the past? year:
Assets and contra - assets I ncrease/(Decrease)
Cash $47,000
Accounts receivable $13,000
Inventory $19,000
Prepaid expenses $ (7,300)
Accumulated depreciation $11,000
Liabilities Increase/(Decrease)
Accounts payable $25,000
Wages payable 5 (12,000)
Taxes payable $13,000
The? company's operating income during the year was $36,000. What is the net cash provided by operating activities during last year on the statement of cash flows for Smithson Corporation? (using the indirect? method)?
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