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Income Statement Sales $ 15,000 Operating expenses COGS $ 11,000 Depreciation 800 Admin expenses 1,500 Total operating expense 13,300 Operating income 1,700 Interest revenue 200

Income Statement
Sales $ 15,000
Operating expenses
COGS $ 11,000
Depreciation 800
Admin expenses 1,500
Total operating expense 13,300
Operating income 1,700
Interest revenue 200
Gain on disposal of equipment 400
Income before taxes 2,300
Income tax 920
Net income $ 1,380
Balance sheet
Assets This year Last year
Cash $ 3,000 $ 1,100
A/R 500 530
Inventory 850 820
Prepaid Ins 150 200
Equipment 1,800 2,400
Less: Acc Depr (900) (600)
Total Assets $ 5,400 $ 4,450
Liabilities & SE
A/P $ 1,500 $ 1,300
Unearned revenue $ 500 $ 400
L/T Note payable 300 500
Common Stock 800 900
Retained earnings 2,300 1,350
Total liabilties &SE $ 5,400 $ 4,450
Equipment was sold and dividends were paid.
a. How much was paid out in dividends?
b. How much was equipment sold for?
c. What are total cash flows (Op+Inv+Fin)?

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