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1. At the end of 2018, Lehnhoff Inc. had $175 million in cash on its balance sheet. During 2019, the following events occurred: 1. The

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1. At the end of 2018, Lehnhoff Inc. had $175 million in cash on its balance sheet. During 2019, the following events occurred: 1. The company had an operating profit or EBIT of $800 million. 2. Depreciation for the year totaled $15 million. 3. Account receivables increased by $10 million. 4. The company purchased $150 million worth of inventory. 5. Account payables decreased by $15 million. 6. Lehnhoff repurchased $50 million of its own stock. 7. Lehnhoff's notes payable increased by $100 million. 8. The company issued $100 million of long-term debt and pays 4 percent interest on these bonds. 9. Lehnhoff purchased gross fixed assets totaling $250 million. A. For each event, determine if there was a source or use of cash for the firm. Identify the cash flow category (operating, investing, or financing) for each activity

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