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1. Use the following information for Monsoon Inc. (assume the tax rate is 34%): Year 2019 Year 2020 Sales 18,517 20,698 Depreciation 2,658 2,778 Cost

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1. Use the following information for Monsoon Inc. (assume the tax rate is 34%): Year 2019 Year 2020 Sales 18,517 20,698 Depreciation 2,658 2,778 Cost of goods sold 6,366 7,531 Other expenses 1,514 1,318 Interest 1,242 1,482 Cash 9,707 10,346 Retained Earnings 59,835 62,347 Accounts receivables 12,854 15,083 Short term notes payable 1,874 1,835 Long-term debt 32,512 39,514 Net Fixed assets 81,421 86,837 Accounts payable 7,014 7.430 Common shares 25,600 25,600 Inventory 22,853 24,461 Calculate the Operating Cash Flow for 2020 (Negative amounts should be indicated by a minus sign. Do not round the intermediate calculations. Round the final answers to 2 decimal places. Omit 5 sign and any commas in your response), (16 Points)

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