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Solution
Net cash provided by operating activities for the year ended December 31, 2014
Eliminate
Depreciation expense
+80000
Adjust revenue and expenses from accrual
accounting to cashNet income151490
Eliminate
Depreciation expense
+80000
Adjust revenue and expenses from accrual
accounting to cashIncrease in account receivable(20370)Decrease in inventory+12840Increase in
prepaid expenses(4370)Decrease in account payable(6480)Increase in accrued expenses
payable+11240Total cash generated by operating activities224360

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