(Solution) - The net income reported on the income statement for he -(2025 Original AI-Free Solution)

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The net income reported on the income statement for the current year was $75,000. Depreciation recorded on store equipment for the year amounted to $22,500. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

Prepare the cash flows from operating activities section of the statement of cash flows, using the indirectmethod.