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can you assist me with the following Galactic Company's cash balance at December 31, 2019, was $136,000. Calculate the company's cash balance at December 31,
can you assist me with the following
Galactic Company's cash balance at December 31, 2019, was $136,000. Calculate the company's cash balance at December 31, 2020, given the following information for the year ended December 31, 2020. Net Income $370,000 Amortization Expense 98,000 Increase in Accounts Receivable 14,000 Decrease in Inventory 25,000 Increase in Accounts Payable 20,000 Purchase of machinery during the year amounted to $66,000 and sale of other assets amounted to $199,000 Bonds payable balance was reduced by $600,000 Step by Step Solution
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