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Dorman Company Reported the Following Data Prepare the Cash Flows from Operating Activities Section of the income

Question 109

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Dorman Company reported the following data:
 Net income $225,000 Depreciation expense 25,000 Gain on disposal of equipment 20,500 Decrease in accounts receivable 14,000 Decrease in account payable 3,600\begin{array}{|l|r|}\hline \text { Net income } & \$ 225,000 \\\hline \text { Depreciation expense } & 25,000 \\\hline \text { Gain on disposal of equipment } & 20,500 \\\hline \text { Decrease in accounts receivable } & 14,000 \\\hline \text { Decrease in account payable } & 3,600 \\\hline\end{array}
Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method.

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