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Question - Summary financial information for Cheyenne Corporation for the year ended July 1, 2021 is listed below:
Profit
$304000
Depreciation expense
34800
Beginning inventory
108000
Ending inventory
67000
Cost of goods sold
53000
Interest expense
133000
Income tax expense
81000
Operating profit
449000
Cash provided by operating activities
359000
Dividends paid
55000
Cash used by investing activities
125000
Required - Determine the Cheyenne free cash flow for 2021?
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