Shen Limited reported net income of $32,000 for its latest year ended March 31, 2023.

InstructionsFor each of the five different situations involving the SFP accounts that follow, calculate the cash flow from operating activities using the indirect method:

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Accounts Receivable March 31 2023 a. $20,000 b. 23,000 c. 20,000 d. 19,500 e. 21,500 2022 $21,500 20,000 -0- 21,000 24,000 Inventory March 31 2023 $16,500 17,300 12,000 19,500 12,900 2022 $17,900 20,500 -0- 15,600 14,000 Accounts Payable March 31 2023 $ 9,000 14,600 7,000 10,200 13,300 2022 $ 9,300 10,200 -0- 14,100 11,300