flows Nine months ended September 30, 2012 Operating activities Net income $1,872,500 Add: non-cash depreciation charges 2,100,000 Changes in operating assets and liabilities: Increase in net accounts receivable (1,610,000) Increase in inventory (1,220,000) Decrease in accounts payable (1,052,500) Increase in taxes payable 274,500 Increase in other current assets (440,000) Increase in other current liabilities 245,500 Cash flows provided by operating activities 170,000 Investing activities…
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