Question: Question #3: H&M, Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Decrease in accounts payable

Question #3: H&M, Inc. reported the following data: Net income Depreciation

Question #3: H&M, Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Decrease in accounts payable $200,000 25,000 30,000 20,000 (8,000) Requirement: Prepare the cash flows for operating activities under the indirect method as it would appear on the statement of cash flows

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