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Walmart Inc. Financial Data for the Year Ended December 31, 2022: Profit & Loss: Item Amount Sales $15,000,000 Cost of Goods Sold $9,500,000 Operating Expenses

Walmart Inc. Financial Data for the Year Ended December 31, 2022:

Profit & Loss:

Item

Amount

Sales

$15,000,000

Cost of Goods Sold

$9,500,000

Operating Expenses

$3,000,000 (Including Depreciation: $350,000)

Interest Expense

$100,000

Gain on Sale of Equipment

$85,000

Income Tax Expense

$240,000

Balance Sheet:

Item

12/31/2022

12/31/2021

Cash

$1,500,000

$1,000,000

Accounts Receivable

$600,000

$550,000

Inventory

$1,000,000

$900,000

Accounts Payable

$700,000

$650,000

Additional Information:

Equipment sold for $300,000 (original cost $400,000, carrying value $260,000).

New equipment purchased for $250,000.

Dividends declared and paid: $400,000.

Treasury shares purchased: 2,000 shares for $200,000.

Requirements:

Calculate cash flows from operating activities.

Calculate cash flows from investing activities.

Calculate cash flows from financing activities.

Determine the ending cash balance.

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