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Intel Corporation Annual Financial Data: Profit and Loss Statement: Item Amount Sales $30,000,000 Cost of Goods Sold $19,500,000 Operating Expenses $6,500,000 (Including Depreciation: $600,000) Interest

Intel Corporation Annual Financial Data:

Profit and Loss Statement:

Item

Amount

Sales

$30,000,000

Cost of Goods Sold

$19,500,000

Operating Expenses

$6,500,000 (Including Depreciation: $600,000)

Interest Expense

$170,000

Gain on Sale of Equipment

$145,000

Income Tax Expense

$340,000

Balance Sheet:

Item

12/31/2022

12/31/2021

Cash

$3,500,000

$2,500,000

Accounts Receivable

$850,000

$800,000

Inventory

$1,700,000

$1,550,000

Accounts Payable

$950,000

$900,000

Additional Information:

Equipment sold for $550,000 (original cost $700,000, carrying value $450,000).

New equipment purchased for $500,000.

Dividends declared and paid: $700,000.

Treasury shares purchased: 4,500 shares for $450,000.

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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