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Ozark's 2019 income statement revealed sales of $1,200,000; EBITDA margin of 17.5%; interest expense of $20,000; and an effective tax rate of 12.5%. No equipment
Ozark's 2019 income statement revealed sales of $1,200,000; EBITDA margin of 17.5%; interest expense of $20,000; and an effective tax rate of 12.5%. No equipment was sold during the year. Equipment purchases were made with cash. The increase in common stock and additional paid-in capital is due to issuing additional shares for cash. Comparative balance sheets for Ozark follow.
Prepare a Statement of Cash Flows using the template provided.
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