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Net income Depreciation Expense Change in Accounts Receivable Change in Inventory Change in Accounts Payable OPERATING CASH FLOWS Acquisitions of fixed assets INVESTING CASH FLOWS

Net income
Depreciation Expense
Change in Accounts Receivable
Change in Inventory
Change in Accounts Payable
OPERATING CASH FLOWS
Acquisitions of fixed assets
INVESTING CASH FLOWS
Change in Notes Payable
Change in Long-term debt
Change in Common stock
FINANCING CASH FLOWS
NET CHANGE IN CASH
CASH AT BEGINNING OF YEAR
CASH AT END OF YEAR
2019 2018 change
Cash 200,000 170,000 30,000
Accounts Receivable 864,000 700,000 164,000
Inventory 2,000,000 1,400,000 600,000
-
Net Fixed assets 6,000,000 5,600,000 400,000
-
Accounts Payable 1,400,000 1,090,000 310,000
Notes Payable 1,600,000 1,800,000 (200,000)
-
Long term debt 2,400,000 2,400,000 -
Common Stock 3,000,000 2,000,000 1,000,000
Retained Earnings 664,000 580,000 84,000
Assume the following additional information:
1. net income after taxes for the year 2019 was $84,000; EBIT was $106,329.
2. Depreciation expense for 2019 was $300,000
3. Acquisitions of fixed assets were $700,000 in 2019
4. No dividends were paid during 2019
5. The firm's tax rate is 21%

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