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[The following information applies to the questions displayed below.] Assume you are the president of APEC Aerospace Corporation. At the end of the first year

[The following information applies to the questions displayed below.]

Assume you are the president of APEC Aerospace Corporation. At the end of the first year of operations (December 31), the following financial data for the company are available:

Accounts Payable $ 33,130
Accounts Receivable 9,500
Cash 13,900
Common Stock 10,000
Dividends 1,100
Equipment 86,000
Notes Payable 51,220
Operating Expenses 60,000
Other Expenses 8,850
Sales Revenue 94,000
Supplies 9,000

3-a. By how much did cash increase (decrease)?

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