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At the end of 2020, Blake's Bad Ace Bikes, Inc., has the following: Net Sales: $250,000 Cost of Goods: $100,000 Fixed Costs: $50,000 Depreciation: $40,000

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At the end of 2020, Blake's Bad Ace Bikes, Inc., has the following: Net Sales: $250,000 Cost of Goods: $100,000 Fixed Costs: $50,000 Depreciation: $40,000 Interest:$30,000 Tax Rate: 30% Total Debt: $200,000 Total Shareholder Equity: $500,000 Accounts Payable: $15,000 Accrued Liabilities: $25,000 Now, Blake wants his Sales to be $400,000 in 2021. He expects to keep the same Ratios and Retention Rates. What is the Spontaneously Generated Funds? *Note: Additional Info for 2020 $24,000 $64,000 O $15,000 O $25,000

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