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Net Income $365,000 Beginning Accounts Payable $119,000 Depreciation Expense 96,000 Ending Accounts Payable 146,000 Amortization of Intangible 11,000 Purchase of Long-Term Assets with 616,000 Assets

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Net Income $365,000 Beginning Accounts Payable $119,000 Depreciation Expense 96,000 Ending Accounts Payable 146,000 Amortization of Intangible 11,000 Purchase of Long-Term Assets with 616,000 Assets Cash Beginning Accounts Receivable 420,000 Cash from Issuance of Long-Term Debt 200,000 Ending Accounts Receivable 439,000 Issuance of Stock for Cash 160,000 Beginning Inventory 516,000 Issuance of Stock for Long-Term 110,000 Assets Ending Inventory 560,000 Purchase of Treasury Stock 64,000 Beginning Prepaid Expenses 48,200 Ending Prepaid Expenses 42,000 The Net Cash Flows from Financing Activities section will include a line item for The Net Cash Flows from Financing Activities section will include a line item for Select one: $616,000 a b. $(616,000) c. $160,000 d. $64,000 e. $(96,000)

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