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QUESTION 11 Society's Inevitable Collapse, Inc has the following ancial information Balance sheet as of December 31, 2024: 2023 2024 Cash $50 $60 Accounts Receivable 100 110 Inventory 200 180 Fixed Assets (Gross) 800 900 Less: Accumulated Depreciation 200 250 Fixed Assets (Net) 600 650 Total Assets $950 $1000 Accounts Payable Long-term debt Common Stock Retained Earnings Total liabilities and equity 100 150 400 300 50 50 400 500 $950 $1000 Income Statement for the year ended December 31, 2024: $1000 Sales Less: COGS Depreciation 600 50 Less: COGS 600 Depreciation 50 Selling. General, and Admin expenses 160 Interest Expense 23 Income Before Taxes 167 Less tax: Net Income 67 $100 Cash flow from operations for 2024 is: $260 $210 $150 $100