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Barton and Williams Company reported the following items in 2015:
Net income
$50,000
Dividends paid
5,000
Decrease in accounts receivable
12,000
Decrease in accounts payable
8,000
Purchase of equipment (capital expenditure)
9,000
Depreciation expense
3,500
Issue of notes payable
15,000
Required: Show all your calculations to derive the following answers. (You don't need to show in report format.)
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