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Assume May Co. is preparing the operating section using the direct method Cream the year and had the other following items Decrease in accounts receivable: $13,000 increase in common stock from cash insce: $10,000 Increase in additional paid in capital trom cash issuance 360,360 increase in inventory 511000 Increase in plant assets from purchase of land for cash: $59.000 12 T Increase in accounts payable: $20.000 Lots on sale of equipment 57.000 Depreciation expense. $12.000 w Calculate May Cosnet cash flow from operating activities $200.000 200.000 1.000 Net