The following data available for ABC company.
| Account | Beginning balance | Ending Balance | Use/source of cash |
| Accounts payable | 20,300 | 24,400 | |
| Inventory | 60,600 | 67,200 | |
| Long term debts | 127,500 | 125,800 | |
| Common stock | 200,400 | 215,900 |
Required:
- Calculate and identify the source of cash or the use of cash for each account change by filling into the column next to the ending balance.
- Assume that beginning balance of accounts receivable is $23 400 and ending balance of accounts receivable of $22 300, total revenue is $237 000, total cost of sales is $ 165 000 and all sales are on credit. Calculate the operating cycle and cash cycle.
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