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Income Statement Balance Sheet Year Ended 12/31/10 12/31/2010 12/31/2009 Sales $1,300,000 Current Assets $50,000 $45,000 Cost of Goods Sold 750,000 Gross Fixed Assets 880,000 650,000

Income Statement

Balance Sheet

Year Ended 12/31/10

12/31/2010

12/31/2009

Sales

$1,300,000

Current Assets

$50,000

$45,000

Cost of Goods Sold

750,000

Gross Fixed Assets

880,000

650,000

Operating Expenses

200,000

Less Accumulated Depreciation

450,000

350,000

Depreciation Expense

100,000

Fixed Assets

430,000

350,000

EBIT

250,000

Total Assets

$480,000

$395,000

Interest Expense

50,000

EBT

200,000

Current Liabilities

$35,000

$50,000

Taxes

80,000

Long-term Debt

330,000

270,000

Net Income

$120,000

Common Stock

5,000

5,000

Retained Earnings

110,000

70,000

Total Liabilities & Equity

$480,000

$395,000

Given the following financial statements for ARGON Corporation, and assuming that ARGON paid a common dividend of $80,000 in 2010, what is the company's financing cash flow for 2010?

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