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Coca-Cola Company Financial Report for 2022: Income Statement: Item Amount Sales $20,000,000 Cost of Goods Sold $13,000,000 Operating Expenses $4,000,000 (Including Depreciation: $450,000) Interest Expense

Coca-Cola Company Financial Report for 2022:

Income Statement:

Item

Amount

Sales

$20,000,000

Cost of Goods Sold

$13,000,000

Operating Expenses

$4,000,000 (Including Depreciation: $450,000)

Interest Expense

$130,000

Gain on Sale of Equipment

$105,000

Income Tax Expense

$280,000

Balance Sheet:

Item

12/31/2022

12/31/2021

Cash

$2,000,000

$1,400,000

Accounts Receivable

$700,000

$650,000

Inventory

$1,300,000

$1,200,000

Accounts Payable

$800,000

$750,000

Additional Information:

Equipment sold for $400,000 (original cost $500,000, carrying value $320,000).

New equipment purchased for $350,000.

Dividends declared and paid: $500,000.

Treasury shares purchased: 3,000 shares for $300,000.

Requirements:

Calculate cash flows from operating activities.

Calculate cash flows from investing activities.

Calculate cash flows from financing activities.

Determine the ending cash balance.

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