Question: In the current year Harrisburg Corporation had net income of
In the current year, Harrisburg Corporation had net income of $35,000, a $9,000 decrease in accounts receivable, a $7,000 increase in inventory, an $8,000 increase in salaries payable, a $13,000 decrease in accounts payable, and $10,000 in depreciation expense. Using the indirect method, prepare the operating activities section of its statement of cash flows based on this information.
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