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Vaughn Manufacturing reported net income of $88000 for the year ended December 31, 2021. Included in net income was a gain on early extinguishment of
Vaughn Manufacturing reported net income of $88000 for the year ended December 31, 2021. Included in net income was a gain on early extinguishment of debt of $127000 related to bonds payable with a book value of $2420000. Each of the following accounts increased during 2021: Notes receivable $90500 Deferred tax liability $20500 Treasury stock $243000 What is the amount of cash used by financing activities for Vaughn Manufacturing for the year ended December 31, 2021? O $2556500 O $ 460500 O $3816000 O $2536000
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