Preparing and interpreting a statement of cash flows using a T-account worli sheet. Exhibit 4.28 presents a comparative balance sheet for Clark Corporation as of the beginning and the end of the current year. Additional information related to the year appears below Exhibit 4.28.

a. Prepare a statement of cash flows for Clark Corporation for the current year, supporting the statement with a T-account work sheet.

b. Comment on the pattern of cash flows from operating, investing, and financing activities.

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VINCENT COMPANY EXHIBIT 4.27 Past Clasing Trial Balance Comparative Data (Problem 29) Debits Cash Accounts Receivable Merchandise Inventory Plant and Equipment (cost) Total Debits Credits Accounts Payable... Accumulated Depreciation Long-term Debt Capital Stock Retained Earnings Total Credits Income Statement Data Sales Gain on Sale of Equipment Cost of Goods Sold (excluding depreciation) Selling and Administrative Expenses Depreciation Expense Interest Expense January 1 December 31 $ 42.000 38,000 130,000 113,000. 216,000 202,000 872,000 850,000 $ 1,260,000 $ 1,203,000 $ 61,000 53,000 473,000 540,000 250,000 275,000 300,000 300,000 176,000 35,000 $ 1,260,000 $ 1,203,000 $ 1,300,000 6,000 910,000 428,000 85,000 24,000