# Net income Depreciation Expense Change in Accounts Receivable Change in Inventory Change in Accounts Payable OPERATING...

###### Question:

 Net income Depreciation Expense Change in Accounts Receivable Change in Inventory Change in Accounts Payable OPERATING CASH FLOWS Acquisitions of fixed assets INVESTING CASH FLOWS Change in Notes Payable Change in Long-term debt Change in Common stock FINANCING CASH FLOWS NET CHANGE IN CASH CASH AT BEGINNING OF YEAR CASH AT END OF YEAR
 2019 2018 change Cash 200,000 170,000 30,000 Accounts Receivable 864,000 700,000 164,000 Inventory 2,000,000 1,400,000 600,000 - Net Fixed assets 6,000,000 5,600,000 400,000 - Accounts Payable 1,400,000 1,090,000 310,000 Notes Payable 1,600,000 1,800,000 (200,000) - Long term debt 2,400,000 2,400,000 - Common Stock 3,000,000 2,000,000 1,000,000 Retained Earnings 664,000 580,000 84,000 Assume the following additional information: 1. net income after taxes for the year 2019 was $84,000; EBIT was$106,329. 2. Depreciation expense for 2019 was $300,000 3. Acquisitions of fixed assets were$700,000 in 2019 4. No dividends were paid during 2019 5. The firm's tax rate is 21%

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