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Founded 15 years ago by Nick Warf and his friends, over the years the group invested small amounts in terms of both equity and short-

Founded 15 years ago by Nick Warf and his friends, over the years the group invested small amounts in terms of both equity and short- and long-term debt. Comp developed new keyboard, needs outside financing in the form of new equity investments and bank loans.

Additional information: During the year the company raised $228,000 in new long-term debt and retired $197,000 in long-term debt. The company also sold $15,000 in new stock and repurchased $66,000 in stock. The company purchased $1,482,000 in fixed assets and sold $429,000 in fixed assets.Balance Sheet and Income Statement are attached in excel

1. Preparethe financial statement of cash flows and the accounting statement of cash flows;

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