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Q3. Prepare a statement of cash flows from the following list of items. (5 Marks) Increase in inventories 22,000 Operating income 625,000 Dividends 55,000 Increase
Q3. Prepare a statement of cash flows from the following list of items. (5 Marks)
| Increase in inventories | 22,000 | |
| Operating income | 625,000 | |
| Dividends | 55,000 | |
| Increase in accounts payables | 92,500 | |
| Interest expense | 118,000 | |
| Increase in common stock | 22,000 | |
| Depreciation expense | 48,000 | |
| Increase in accounts receivable | 210,000 | |
| Increase in long-term debt | 145,000 | |
| Increase in short-term notes payable | 36,500 | |
| Increase in gross fixed assets | 144,000 | |
| Increase in paid in capital | 60,000 | |
| Income taxes | 202,000 | |
| Beginning cash | 700,000 | |
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