QUESTION 7 Given the following information, calculate the net cash from operating activities for the period. Profit $380 000 Accounts receivable decreased by 12 000 Proceeds from the sale of equipment 41 000 Inventory increased by 20 000 Depreciation expense 40 000 Carrying value of equipment sold 3 000 a. $372 000. b. $352 000. c. $412 000. d. $368 000. e. $374 000.
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