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Question - For the current year, Harper Company sold 80,000 units at a selling price of $20 per unit. Variable cost per unit was $12, and Harper's net income for the year was $40,000. What was the amount of Harper's fixed costs?
a. $800,000
b. $1,560,000
c. $640,000
d. $600,000
Make forecasted statement of cash flows for the year ended December 31, 2020 based on the sale of 24,000 cupcakes at $3.25 per cupcake.
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