On December 31, 2019, the Bradshaw Corporation had $515,000 as an ending balance for its retained earnings account. During 2020, the corporation declared a $2.50/share dividend to its stockholders. The Bradshaw Corporation has 40,000 shares of common stock outstanding. When the books were closed for 2020 year-end, the corporation had a final retained earnings balance of $565,000. What was the net profit earned by Bradshaw Corporation during 2020?

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A:

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Operating Cash Flows

A cash flow statement (CFS) helps the company to know the amount of cash at its disposal, the activities that lead to earning cash, and the activities which require cash expenditure for a particular period. The statement represents the liquidity of the company.