Question - Use the information provided, prepare the Operating activities section of the statement of cash flows using the indirect method.
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Cash
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45,000 increase
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Accounts Payable
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82,000 decrease
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Accounts Receivable
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27,000 decrease
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Unearned Revenue
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8,000 increase
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Inventory
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75,000 increase
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Long Term Notes Payable
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30,000 increase
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Office Supplies
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1,600 decrease
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Depreciation Expense
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12,000
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Gain on Sale of Trucks
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2,000
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Net Income
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61,500
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