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Use the following cash flow data of Haven Hardware for the year ended December 31, 2020. Cash Dividend$ 74,000Purchase of Land$ 32,000Cash Payment on Interest$
Use the following cash flow data of Haven Hardware for the year ended December 31, 2020.
Cash Dividend$ 74,000Purchase of Land$ 32,000Cash Payment on Interest$ 28,000Cash Payment on Salaries$ 94,000Sales of Equipment $ 80,000Retirement of Common Stock$ 54,000Purchase of Equipment$ 64,000Cash Payments to Suppliers$ 174,000Cash Collections from Customers$ 520,000Cash at the Beginning of the year$ 100,000What is the net increase or decrease in cash for Haven Hardware for 2020?
Multiple Choice
$96,000 net decrease
$80,000 net decrease
$80,000 net increase
$180,000 net increase
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