Refer to Danier Leather’s balance sheet shown in Appendix II.

Refer to Danier Leather’s balance sheet shown in Appendix II. First, calculate the change in Cash from June 26, 2010, to June 25, 2011. Next, refer to Danier’s statement of cash flows and identify the change in Cash reported for the year ended June 25, 2011. Explain the relationship between Danier’s Cash account reported on the balance sheet and the change in Cash reported on its statement of cash flows.

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