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Question(s) / Instruction(s):

In preparing a company\'s statement of cash flows for the most recent year on the indirect method, the following information is available:

  Net income for the year was    $59,000

  Accounts payable decreased by              $19,000

  Accounts receivable decreased by         $25,000

  Inventories increased by            $3,500

  Cash dividends paid were          $11,000

  Depreciation expense was        $31,000

Net cash provided by operating activities was:

a)            $42,000.

b)            $78,000.

c)            $92,500.

d)            $28,500.

e)            $130,500.

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