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Business, 18.10.2019 22:00 cancerbaby209

Cemptex corporation prepares its statement of cash flows using the indirect method to report operating activities. net income for the 2021 fiscal year was $694,000. depreciation and amortization expense of $81,000 was included with operating expenses in the income statement. the following information describes the changes in current assets and liabilities other than cash: decrease in accounts receivable $ 36,000 increase in inventory $ 10,600 increase in prepaid expenses $ 9,900 increase in salaries payable $ 11,400 decrease in income taxes payable $ 12,000 required: prepare the operating activities section of the 2021 statement of cash flows. (amounts to be deducted should be indicated with a minus sign.)

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