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On January 12, Ferrell Incorporated obtains a permit to start a comedy club, which will operate only on Saturday nights. To prepare the club for

On January 12, Ferrell Incorporated obtains a permit to start a comedy club, which will operate only on Saturday nights. To prepare the club for the grand opening, Ferrell purchases tables and chairs for $12,800 on January 16. Ferrell also purchases cleaning supplies on account for an additional $5,000.
Determine the amount of investing cash flows Ferrell would report in January.

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