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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:

Accounts Payable $ 33,500
Accounts Receivable 11,650
Cash 14,700
Common Stock 60,490
Dividends 2,090
Equipment 93,000
Notes Payable 2,040
Operating Expenses 59,800
Other Expenses 7,990
Sales Revenue 99,600
Supplies 6,400

2-a. By how much did cash increase (decrease)?

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