Amerbran Company was a diversified company that sold various consumer products, including food, tobacco, distilled products, and personal care products and financial services. Financial statements for the company are shown in Exhibit 1.

Question
Prepare a statement of cash flows for the year 20x1. In order for your statement to show the correct increase in cash ($4,960), you will need to add a "miscellaneous activities" category; this will capture several transactions that were not described because they are more complicated than those covered in the text.

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EXHIBIT 1 AMERBRAN COMPANY Balance Sheets As of December 31, 20x1 and 20x0 (in thousands) 20x1 20x0 Assets Cash Accounts receivable Inventories Prepaid expenses 28,912 23,952 687,325 1,225,402 77,167 2,013,846 1.058.637 1,366,719 645,734 720,985 577,606 62,374 4.433,448 756,152 1,244,912 76,140 2.106,116 Total current assets Investments Property, plant, and equipment, at cost Less accurmulated depreciation Net property, plant, and equipment Goodwill Other assets 1.11653 1,566,268 723,442 842,826 645,210 115,826 $4,826,512 Total assets Liabilities and Shareholders Equity Accounts payable Short-term debt 271452 430,776 238,377 351 112 728,262 Accrued expenses payable 922990 1,625,2181,317,751 932,828 Total current liabilities Long-term liabilities 880,674 Total liabilities Convertible preferred stock Common stock, at par Additional paid-in capital Treasury stock, at cost Retained earnings 505,892 2,250,579 42,611 161,417 57,072 C110,948) (102,705) 2,021.2652,024.474 2,320,620 2182,869 $4,826,512 $4433,448 33,828 322,834 53,641 Total shareholders' equity Total liabilities and sharehoiders' equity Income Statement For the year ended December 31, 20x1 (in thousands) Sales revenues, net Cost of sales Excise taxes on goods sold Gross margin Selling, general, and administrative expenses Income belore income taxes Provision for income taxes $7,622,677 2,803,623 2,887,616 1,931,438 1,328,107 603,331 274,558 328,773 Net income