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Ford Motor Company Financials for the Year Ended 2022: Profit & Loss Account: Item Amount Sales $25,000,000 Cost of Goods Sold $16,500,000 Operating Expenses $5,500,000

Ford Motor Company Financials for the Year Ended 2022:

Profit & Loss Account:

Item

Amount

Sales

$25,000,000

Cost of Goods Sold

$16,500,000

Operating Expenses

$5,500,000 (Depreciation: $500,000)

Interest Expense

$150,000

Gain on Sale of Equipment

$125,000

Income Tax Expense

$300,000

Balance Sheet Items:

Item

12/31/2022

12/31/2021

Cash

$2,500,000

$1,800,000

Accounts Receivable

$750,000

$700,000

Inventory

$1,500,000

$1,350,000

Accounts Payable

$850,000

$800,000

Additional Information:

Equipment sold for $450,000 (original cost $600,000, carrying value $380,000).

New equipment purchased for $400,000.

Dividends declared and paid: $600,000.

Treasury shares purchased: 3,500 shares for $350,000.

Requirements:

Compute cash flows from operating activities.

Compute cash flows from investing activities.

Compute cash flows from financing activities.

Compute the ending cash balance.

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