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You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company beadquarters (where all of the firm's records are kept) has been

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You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company beadquarters (where all of the firm's records are kept) has been destroyed oy fire So, your first job will be to recreate the firm's cash flow statement for the yesr Just ended. The frm had $100,000 in the bank at the end of the prior yeac, and is workng espital accounts except cash remained constant during the yeat, it earned $5 milion in net income during the year but paid $750,000 in dividends to cammon shareholders. Throughout the veac, the firm purchased 45,5 million of machinery that was needed for a new project. Vou have just spoken to the fim's accountants and learned thot annuar depreciation expense. for the vear is $450,000; bowever, the purchase price for the machinery repregents additions to property, plant, and equipment before depreciation. Analiy, you have determined that the only financing done by the firm was to issue long-term debt of $1 mimion at a 7% interest rate. What was the firm's end-of -year cash balance? Recreate the firm's cash fow statement to arrive at your answer. Write out your answer completely, for examgle, 5 millon should be entered as 5,000,000. Round your answer to the aearest dolac if necessan

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