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The following are balances from XYZ company financial statements as of 31/12/2019: Account 2018 2019 Marketable Securities $13,000 $14,000 Accounts Receivable $12,000 $12,000 Inventory $35,000

The following are balances from XYZ company financial statements as of 31/12/2019:

Account 2018 2019
Marketable Securities $13,000 $14,000
Accounts Receivable $12,000 $12,000
Inventory $35,000 $30,000
Gross Fixed Assets $90,000 $94,000
Accounts Payable $12,000 $18,000
Notes payable $17,000 $15,000
Net profits after taxes $35,000 $34,000
Depreciation -$16,000 -$18,000
Selling Expenses -$10,000 -$8,000
Dividends -$25,000 -$30,000
Retained Earnings $20,000 $22,000
Common share $10,000 $11,000

In the statement of cashflows, the net increase in cash and marketable securities for 2019 is?

Select one:

a. $34,000

b. $28,000

c. $32,000

d. $26,000

e. $30,000

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