Question: Using the indirect method, categorize the following transaction to the appropriate activity for the year ended 12/31/21 and indicate the cash effect if any. Inventory

Using the indirect method, categorize the following transaction to the appropriate activity for the year ended 12/31/21 and indicate the cash effect if any.

Inventory at December 31, 2020 and 2021, was $200,000 and $250,000, respectively

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