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The following budgeted May cash information is available for Salado Corp.: Net after-tax income $806,400 Depreciation expense 134,880 Accrued income tax expense 196,800 Increase
The following budgeted May cash information is available for Salado Corp.: Net after-tax income $806,400 Depreciation expense 134,880 Accrued income tax expense 196,800 Increase in Accounts Receivable for month 19,200 Decrease in Accounts Payable for month 16,800 9,840 84,000 112,800 Estimated bad debts expense Dividends declared in May Dividends paid in May If Salado's May 1 cash balance is $55,200, what is the company's budgeted May 31 cash balance? $ 0 x
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