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During Year 1, El Paso Company had the following changes in account balances: The Accumulated Depreciation account had a beginning balance of $67,500 and an

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During Year 1, El Paso Company had the following changes in account balances: The Accumulated Depreciation account had a beginning balance of $67,500 and an ending balance of $94,500. The increase was due to depreciation expense. The Long-Term Notes Payable account had a beginning balance of $108,000 and an ending balance of $51,000. The decrease was due to repayment of debt. The Equipment Account had a beginning balance of $85,000 and an ending balance of 00. The increase was due to the purchase of other operational assets. The Long-Term Investments Account (Marketable Securities) had a beginning balance of $61,200 2,500. The decrease was due to the sale of investments at cost. The Dividends Payable account had a beginning balance of $40,800 and an ending balance of $34,000. There were $68,000 of dividends declared during the period. The Interest Payable account had a beginning balance of $7,650 and an ending balance of $4,250. The difference was due to the payment of interest What is the net cash flow from financing activities? Multiple Choice $131,800 outflow o $57,000 inflow U v ey Udidice Ul $.00 du alleruniy Udidlice UI $4,250. The difference was due to the payment of interest. What is the net cash flow from financing activities? Multiple Choice C) $131,800 outflow $57,000 inflow O $57,000 outflow $74,800 inflow

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