The following data is supplied from the comparative balance sheets and income statement information from Moreno, Incorporated Net income for Year 2 was $40,000. No long-term assets were sold and no new notes were issued during Year 2. During Year 2, Moreno paid dividends of $24,000.
Consider the information provided.
Required:Prepare the operating activities section of Moreno's statement of cash flows using the indirect method.
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