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Create the sources and uses statement for the following firm. Assume that net income for 2019 is $10 (10 points) 2018 2019 2018 2019 Cash

  1. Create the sources and uses statement for the following firm. Assume that net income for 2019 is $10 (10 points)

2018

2019

2018

2019

Cash and Marketable Securities

20

35

Accounts Payable

40

60

Account Receivables

80

100

Notes Payable

34

50

Inventory

110

150

Current Assets

210

285

Current Liabilities

74

110

Gross Fixed Assets

650

700

Long-term Debt

100

100

Less Accumulated Dep.

150

225

Common Stock

300

310

Net Fixed Assets

500

475

Retained Earnings

236

240

Total Assets

710

760

Total Liabilities and Owner's Equity

710

760

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