Given the following information, construct the statement of cash flows. What happened to the firm's liquidity position during the year?
Definitions:
Seasonal Sports
Sports activities that are played or take place primarily in certain seasons of the year, such as skiing in winter or baseball in summer.
Selling
The process of persuading someone to purchase a product or service, involving various techniques to close sales.
Renting
The process of leasing or borrowing an asset or property for a specified period of time in exchange for a fee.
Ultimate Consumers
The end users of a product or service who are not looking to resell it; the final buyers.
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