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The accounting department for Aramai Inc. is preparing the cash flow statement for the current year. Using the select financial statement data below, what is Aramai’s net income when converted to cash provided by operating activities, using the indirect method?

Given:
Net Income = $463,000
Equipment Depreciation = +$38,500
Patent Amortization = +$17,950
Loss on Sale of Equipment = +$4,000
Increase in Accounts Receivable = −$29,900
Apply adjustments to net income:
Cash from Operating Activities =
= $463,000
Which of the following activities would be included in the cash flows from the financing section of the statement of cash flows?
Use the statement of cash flows to calculate the free cash flow.
