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Computation of cash balance at the end using given data.
Use the following information to calculate the change in the company's cash balance for the year.
Credit Sales $500,000 Cash Sales $300,000 Operating Expenses on Credit $400,000 Cash Operating Expenses $200,000 Accounts Receivable (Beg. of Year) $20,000 Accounts Receivable (End of Year) $40,000 Accounts Payable (Beg. of Year) $50,000 Accounts Payable (End. of Year) $25,000 Income Taxes Paid $80,000
a. $75,000 b. $200,000 c. $100,000 d. $120,000
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