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Additional Information for 2024: 1. Net income is $61,000. 2. The company purchases $102,000 in equipment. No equipment was sold. 3. Depreciation expense is $154,000.

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Additional Information for 2024: 1. Net income is $61,000. 2. The company purchases $102,000 in equipment. No equipment was sold. 3. Depreciation expense is $154,000. 4. The company repays $115,000 in notes payable. 5. The company declares and pays a cash dividend of $21,000

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