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Bayside Inn had the following operating results for 2022: sales = $20,300; cost of goods sold = $14,500; depreciation expense = $2,900; interest expense =
Bayside Inn had the following operating results for 2022: sales = $20,300; cost of goods sold = $14,500; depreciation expense = $2,900; interest expense = $600. At the beginning of the year, net fixed assets were $15,000, current assets were $4,600, and current liabilities were $2,500. At the end of the year, net fixed assets were $17,000, current assets were $5,300, and current liabilities were $2,700. The tax rate for 2022 was 40%. What is the cash flow from assets for 2022?
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