Martin, Inc.'s, income statement is shown below. Based on this income statement and the other information provided, calculate the net cash provided by operations using the indirect method.
Additional information:
Definitions:
Equipment
Tangible property that is used in the operations of a business, not intended for sale.
Cash
Currency and other liquid instruments that a company possesses, readily available for transactions.
Capital
Resources, including financial assets or funds, utilized by a company to fund its operations and growth.
Fair Market Value
The price at which an asset would be bought or sold in a fair transaction between willing and informed parties.
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