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The Ceynar Group, LLC has collected the following data for their partnership. a Prepar

The Ceynar Group, LLC has collected the following data for their partnership.
a	Prepare a formal income statement that contains the relevant subtotals.
b	Prepare a formal cash flow statement that contains the relevant subtotals. Assume that no taxes are due on the property sale.
Data Block		Beginning of year	End of year
	Cash On Hand	$3,780,000
	Revenue		$15,400,000
	Materials		$2,500,000
	Labor		$4,000,000
	Labor/Materials overhead		$750,000
	Executive & Staff Salaries		$1,100,000	Includes benefits
	Facility Maintenance		$900,000
	Marketing		$750,000
	Machine Sale		$2,575,300
	Machine Purchase		$5,204,000
	Interest		$425,000
	Loan principal reduction		$500,000
	Tax rate		10%
	Inventory	$357,000	$324,000

Dec 03 2019 View more View Less

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The Ceynar Group, LLC has collected the following data for their partnership. a Prepar

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