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Presented below is a condensed version of the comparative balance sheets for Zubin Mehta Corporation for the last two years at December 31. 2014 2013

Presented below is a condensed version of the comparative balance sheets for Zubin Mehta Corporation for the last two years at December 31. 2014 2013 Additional information: Investments were sold at a loss (not extraordinary) of $11,440; no equipment was sold; cash dividends paid were $34,320; and net income was $183,040.Determine Zubin Mehta Corporations free cash flow (theres should be 17 entries)

2014

2013

Cash $ 202,488 $ 89,232
Accounts receivable 205,920 211,640
Investments 59,488 84,656
Equipment 340,912 274,560
Accumulated Depreciation-Equipment (121,264 ) (101,816 )
Current liabilities 153,296 172,744
Common stock 183,040 183,040
Retained earnings 351,208 202,488

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