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Table 1 Jones Company Financial Information December 2008 December 2009 Net income $1,500 $3,000 Accounts receivable 750 750 Accumulated depreciation 1,125 1,500 Common stock 4,500
Table 1
Jones Company Financial Information
| December 2008 | December 2009 |
Net income | $1,500 | $3,000 |
Accounts receivable | 750 | 750 |
Accumulated depreciation | 1,125 | 1,500 |
Common stock | 4,500 | 5,250 |
Paid-in capital | 7,500 | 8,250 |
Retained earnings | 1,500 | 2,250 |
Accounts payable | 750 | 750 |
Based on the information in Table 1, calculate the after tax cash flow from operations for 2009 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable)
Please answer and show how the answer was calculated
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