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From the following information, calculate the net increase in cash.
From the following information, calculate the net increase in cash.
Earnings before interest and taxes
$52,000
Depreciation expense
7,800
Decrease in prepaid expenses
1,700
Increase in accounts receivable
12,880
Purchase of machinery
32,700
Payment of dividends
11,300
Increase in bank borrowings
8,600
- $88,780
- $13,220
- $18,620
- $23,380