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Use the following information to answer questions Net income $70,000 (depreciation expense, 20,000; inventory increase, $4,000; accounts receivable decrease, $10,000; accounts payable increase $70,000. Issued
Use the following information to answer questions
- Net income $70,000 (depreciation expense, 20,000; inventory increase, $4,000; accounts receivable decrease, $10,000; accounts payable increase $70,000.
- Issued capital stock for $200,000 cash.
- Purchased equipment for $75,000 cash
- Paid cash dividend, $25,000
- Paid long-term debt principal, $30,000
- The cash balance on January 1, 20A was $100,000.
Cash flow from operations_______________
Cash flow from investing_______________
Cash flow from financing________________
Net change in cash____________________
Cash balance at 12/31/20A________________
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