(L.OBJ. 3) Computing the change in cash [5 min]
Brianna’s Wedding Shops earned net income of $76,000, which included depreciation of $17,000. Brianna’s paid $122,000 for a building and borrowed $63,000 on a long-term, note payable.
Requirement
1. How much did Brianna’s cash balance increase or decrease during the year?
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