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From the year ending December 31, 2019 Income Statement:
Sales: $6,400
Depreciation Expense: $600
Net Income: $3,800
From the Balance Sheets, the following are changes between December 31, 2018 and December 31, 2019 (no change for any items not listed, except cash)
Inventory Increased by $900
Accounts Payable Decreased by $500
Question 1: There was $900 in capital expenditures and $400 in dividends paid in 2019 (but no other investing or financing activities). As of December 31, 2018, Cash was $2,300. Prepare the applicable (entire) Statement of Cash Flow (Indirect Method all proper formatting required).
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