Fannin Company is a manufacturer of premium athletic equipment. Fannin reported the following inflows and outflows of

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Fannin Company is a manufacturer of premium athletic equipment. Fannin reported the following inflows and outflows of cash during 2019.

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Fannin had cash on hand at 1/1/2019 of $118,250.
Required:
1. Prepare a properly formatted statement of cash flows using the indirect method.
2. What can you conclude by examining the patterns in Fannin's cash flows?
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