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Year One $6,600 cash 19,070 account receivable, 2,060 doubtful accounts, 23,770 inventory, 10,585 account payable, 21,800 common stock, 14,995 retained earnings. Year 2 10, 500

Year One $6,600 cash 19,070 account receivable, 2,060 doubtful accounts, 23,770 inventory, 10,585 account payable, 21,800 common stock, 14,995 retained earnings. Year 2 10, 500 cash from common stock, purchased 60,600 inventory on account, sold inventory for 94, 500, wrote off 1,500 uncollected amounts, loaned 9,000@ 6 percent interested for 1 year, paid 14,010 cash operating expenses, collected 82,470 from accounts receivable, cash payment of 51,020 to accounts payable, paid 4,200 cash dividends, u collectable accounts estimated @ 2 percent of sales on account, recorded accrued interest on the loan of 9,000 previously noted. Fill in the statement of cash flow.

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