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Jalisa Logistics, Inc., ended 2016 with cash $33000. During 2017, Jalisa Logistics earned net income of $135000 and had adjustments to reconcile net income to net cash provided by operations totalling -$25000. During 2017, Jalisa Logistics purchased equipment for $398000 and had to borrow half of this amount on a long-term note. Also, Jalisa Logistics paid dividends of $6000 and sold old equipment for $87000 cash.
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