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The accounts of Weston Inc. indicate the following changes in long-term assets and capital for the past year: (1) Fifty thousand (50,000) shares of common

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The accounts of Weston Inc. indicate the following changes in long-term assets and capital for the past year: (1) Fifty thousand (50,000) shares of common stock were sold at $25 per share. (2) Two million dollars ($2 million) in bonds matured and were retired. (3) Dividends of $1 million were paid. (4) Net fixed assets declined by $200,000. (5) Net income was calculated to be $2 million. (6) Depreciation expense was $1.5 million What was the increase or decrease in net working capital?(Hint: Changes in net fixed assets incorporate changes in both fixed assets and accumulated depreciation.) +$450,000 -$250,000 -$1,950,000 +$1,950,000 +$3,300,000

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