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1. ABC company had the following operating results for 2019: Sales = $18,450 Costs = $13,610 Depreciation expense = $2,420 Interest expense = $260 Dividends

1. ABC company had the following operating results for 2019: Sales = $18,450 Costs = $13,610 Depreciation expense = $2,420 Interest expense = $260 Dividends = $450. At the beginning of the year: Net fixed assets: $12,100 Current Assets: $3,020 Current Liabilities: $2,260 At the end of the year: Net fixed assets: $12,700 Current Assets: $4,690 Current Liabilities: $2,720 The tax rate for 2008 was 35 percent What is the net income for 2019? What is the operating cash flow for 2019?

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