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The income statement of Whitlock Company is presented here. Additional information: Accounts receivable increased $200,000 during the year, and inventory decreased $500 Prepaid expenses increased
The income statement of Whitlock Company is presented here. Additional information: Accounts receivable increased $200,000 during the year, and inventory decreased $500 Prepaid expenses increased $150,000 during the year: Accounts payable to suppliers of merchandise decreased $340,000 during the year Accrued expenses payable decreased $100.000 during the year. Operating expenses include depreciation expense of $70.000
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