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Cash Accounts receivable Investments Equipment Accumulated depreciation equipment Total Accounts payable Bonds payable Common stock Retained earnings Total 2020 $ 28,200 24,200 23,000 60,000 (14,000)

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Cash Accounts receivable Investments Equipment Accumulated depreciation equipment Total Accounts payable Bonds payable Common stock Retained earnings Total 2020 $ 28,200 24,200 23,000 60,000 (14,000) $ 121,400 $ 19,600 10,000 60,000 31,800 $121,400 2019 $ 17,700 22,300 16,000 60,000 (10,000) $116.000 $ 11,100 30,000 45,000 29,900 $116,000 Additional information: 1. Net income was $28,300. Dividends declared and paid were $26,400. Depreciation expense was $4,000. Mulan Company's Free Cash Flow would be

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