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The current assets and liabilities sections of the comparative balance sheet of Cullumber Inc., a...

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Accounting

The current assets and liabilities sections of the comparative balance sheet of Cullumber Inc., a private company reporting under ASPE, at October 31 are presented below, along with the income statement:

CULLUMBER INC. Comparative Balance Sheet Accounts
2021 2020
Cash $69,300 $73,500
Accounts receivable 44,800 28,700
Inventory 22,750 32,200
Prepaid expenses 5,250 4,060
Accounts payable 30,100 25,200
Accrued expenses payable 3,500 5,600
Dividends payable 16,800 11,900
Income taxes payable 4,760 8,260

CULLUMBER INC. Income Statement Year Ended October 31, 2021
Sales $437,500
Cost of goods sold 273,000
Gross profit 164,500
Operating expenses $61,600
Depreciation expense 16,100
Loss on sale of equipment 5,600 83,300
Profit before income taxes 81,200
Income taxes 20,300
Profit $60,900

Prepare the operating activities section of the cash flow statement using the indirect method. ?

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