As shown in Exhibit 10, the beginning balance in Inventory was $ ,000, and the ending balance
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As shown in Exhibit 10, the beginning balance in Inventory was
$ ,000, and the ending balance was $ ,000, which shows that this asset [increased / decreased] by $ ,000 during the year.
This change had the opposite effect on Cash than the change in Accounts Receivable. Therefore, we must [add to / subtract from] net income to arrive at the change in cash. Enter the $4,000 in Exhibit 11.
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