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2. Based only on the following information for Murdoch Pty Ltd, did cash go up or down? By how much? Classify each event as a

2. Based only on the following information for Murdoch Pty Ltd, did cash go up or down? By how much? Classify each event as a source or a use of cash. [8 marks]

Increase in accounts payable $25,000

Increase in inventory $15,000

Decrease in accounts receivable $27,000

Decrease in borrowings $65,000

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