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Digman Co. had retained earnings of $400,000 and $50,000 in cash on January 1 st. It made a net income of $300,000 in the year.

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Digman Co. had retained earnings of $400,000 and $50,000 in cash on January 1 st. It made a net income of $300,000 in the year. Amortization expense was $250,000. Digman Co. issued additional common shares for $500,000 and borrowed $600,000 from the Bank of Toyland. It bought new plant and equipment at a cost of $1,000,000 and sold some unused land for $400,000. Cash from/used in investing activities was: $750,000 used in investing activities $1,000,000 used in investing activities $600,000 used in investing activities $1,000,000 from investing activities

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