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  Problem I                                            Manaia Manufacturing had the following operating results for 2022: sales = $32,861; cost of

  Problem I                                            Manaia Manufacturing had the following operating results for 2022: sales = $32,861; cost of goods sold = $23,795; depreciation expense = $3,817; interest expense = $565; dividends paid = $908. At the beginning of the year, net fixed assets were $21,859, current assets were $3,913, and current