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curwen inc. reported net cash flow from operating activities of 227,000 on its statement of cash...

curwen inc. reported net cash flow from operating activities of 227,000 on its statement of cash flows for a recent year ended December 31. the following information was reported in the cash flows from operating activities section of the statement of cash flows using the indirect method: decrease in income taxes payable 5,300 decrease in inventories 13,100 depreciation 20,200 gain on sale of investments 9100 increase in accounts payable 3,600 increase in prepaid expenses 2,200 increase in accounts receivable 9,900 determine the net income reported by curwen Inc. for the year ended December 31.

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