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Question Two: (7 Points) The following information had been taken from the financial statements for the year ended Dec. 31, 2019: Jan 1, 2019 Dec

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Question Two: (7 Points) The following information had been taken from the financial statements for the year ended Dec. 31, 2019: Jan 1, 2019 Dec 31, 2019 Cash CZ 70,000 CZ 50,000 Acc Receivable 130,000 100,000 Inventory (Cost) 60,000 72,000 Current Liabilities 50,000 53,000 Long-Term Debt 100,000 120,000 Sales 540,000 Cost of Goods Sold 310.000 Operating Expenses 130,000 Income Taxes 100,000 Dividends (July 1, 2018) 40,000

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