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PepsiCo Inc. Year-End Financial Overview: Statement of Income: Item Amount Revenue $18,000,000 Cost of Goods Sold $11,200,000 Operating Expenses $3,500,000 (Depreciation: $400,000) Interest Expense $120,000

PepsiCo Inc. Year-End Financial Overview:

Statement of Income:

Item

Amount

Revenue

$18,000,000

Cost of Goods Sold

$11,200,000

Operating Expenses

$3,500,000 (Depreciation: $400,000)

Interest Expense

$120,000

Gain on Sale of Equipment

$95,000

Income Tax Expense

$260,000

Balance Sheet:

Item

12/31/2022

12/31/2021

Cash

$1,700,000

$1,200,000

Accounts Receivable

$650,000

$600,000

Inventory

$1,200,000

$1,100,000

Accounts Payable

$750,000

$700,000

Additional Information:

Equipment sold for $350,000 (original cost $450,000, carrying value $290,000).

New equipment purchased for $300,000.

Dividends declared and paid: $450,000.

Treasury shares purchased: 2,500 shares for $250,000.

Requirements:

Compute cash flows from operating activities.

Compute cash flows from investing activities.

Compute cash flows from financing activities.

Compute the ending cash balance.

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