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urgent please SCF Corporation Statement of Financial Position (Extracts) As of December 31, Year 5 12/31/Year 5 12/31/Year 4 Current assets Accounts receivable Inventory Prepaid
urgent please
SCF Corporation Statement of Financial Position (Extracts) As of December 31, Year 5 12/31/Year 5 12/31/Year 4 Current assets Accounts receivable Inventory Prepaid expense 260,000 370,000 120,000 500,000 260,000 190,000 Current liabilities Accounts payable Wages payable Unearned revenue 110,000 105,000 410,000 150,000 80,000 330,000 SCF Corporation Income Statement For the year ended December 31, Year 5 Revenues $10,000,000 COGS (6,300,000) Salaries and wage expense (1.500,000) Other operating expenses (800,000) Interest paid (40,000) Depreciation/amortization (40,000) Loss on asset sale (30,000) Interest received 60,000 Dividends received 30,000 Sale of trading securities (current) 20,000 Income tax expense (420,000) Net income 5980.000 Instruction: Using the Information above calculate the cash flow from operation for SCF Corporation Step by Step Solution
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