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Orange Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for the year. 1. Long-Term Notes Payable,

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Orange Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for the year. 1. Long-Term Notes Payable, beginning balance, $81,000 2. Long-Term Notes Payable, ending balance, $75,000 3. Common Stock, beginning balance, $3500 4. Common Stock, ending balance, $28,000 5. Retained Earnings, beginning balance, $79.000 6. Retained Earnings, ending balance, $120,000 7. Treasury Stock, beginning balance. $5200 8. Treasury Stock, ending balance. $10,500 9. No stock was retired. 10. No treasury stock was sold. 11. During the year, the company repaid $40,000 of long-term notes payable. 12. During the year, the company borrowed $34.000 on new long-term notes payable. 13. Net income for the year was $52,000. 14. Assume all dividends declared during the year were paid. What is the net cash provided by financing activities? $2200 $8200 o $6000) O $19.200

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