Use the balance sheets provided to create a Statement of Sources and Uses of Funds for Hipzone Inc. Remember, the basic rules for creating a Statement of Sources and Uses are: A decrease in a liability or owners' equity account represents a use of funds, and an increase in these accounts represents a source of funds. A decrease in an asset account is a source of funds, while an increase is a use of funds. Changes in cash are ignored. Accounts with no change during the year are also ignored.
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Use the balance sheets provided to create a Statement of Sources and Uses of Funds for Hipzone Inc....
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