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Assume you are the president of High Power Corporation. At the end of the first year of operations (December 31), the following financial data for
Assume you are the president of High Power Corporation. At the end of the first year of operations (December 31), the following financial data for the company are available: Cash $ 13,300 Accounts Receivable 9,550 Supplies 5,000 Equipment 86,000 Accounts Payable 32,087 Notes Payable 1,160 Sales Revenue 91,000 Operating Expenses 58,700 Other Expenses 8,850 Contributed Capital 59,103 Dividends 1,950. Determine the amount of cash increase or decrease that would be shown in the statement of cash flows.
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