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The following information is for GameStop company: Net income: $50,000 Provision for bad debts: $2,000 Increase in inventory: $1,000 Increase in accounts payable: $2,000 Purchase

The following information is for GameStop company:

  • Net income: $50,000

  • Provision for bad debts: $2,000

  • Increase in inventory: $1,000

  • Increase in accounts payable: $2,000

  • Purchase of new equipment: $15,000

  • Sale of equipment for $10,000 gain: $20,000

  • Depreciation: $5,000

  • Repurchase of common stocks: $10,000

  • Payment of dividends: $4,000

  • Interest payments: $3,000

    What is the change in cash? (Hint: Change in cash =CFO+CFI+CFF)

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