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1.Fulkron Inc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections $66,000 $42,000 $45,000 Cash payments: Purchases of inventory

1.Fulkron Inc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections $66,000 $42,000 $45,000 Cash payments: Purchases of inventory 50,000 48,000 25,000 Operating expenses 10,000 15,000 20,000 Capital expenditures 0 32,000 6,000

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