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2019 2020 2019 2020 Cash $2,200 $1,000 Accounts payable $3,100 $2,800 Accounts receivable $4,600 $8,200 Utilities payable $1,100 $1,800 Inventory $3,100 $7,200 Wages payable $500

2019 2020 2019 2020
Cash $2,200 $1,000 Accounts payable $3,100 $2,800
Accounts receivable $4,600 $8,200 Utilities payable $1,100 $1,800
Inventory $3,100 $7,200 Wages payable $500 $1,600
Prepaid insurance $800 $1,600 Notes payable $14,000 $16,000
Equipment $36,000 $36,000 Interest payable $2,000 $3,200
Accum. depreciation ($14,000) ($15,200) Common stock $9,000 $9,000
Land $7,600 $10,200 Retained earnings $10,600 $14,600
$40,300 $49,000 $40,300 $49,000

How much were financing cash flows during 2020 if net income was $87,000?

A. $2,000

B. $89,000

C. ($81,000)

D. ($83,000)

E. None of the above

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