27. Cash Flows. Construct a statement of cash flows for Fincorp for 2009. (LOI) 2008 2009 Revenue...

27. Cash Flows. Construct a statement of cash flows for Fincorp for 2009. (LOI)

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2008 2009 Revenue $4,000 $4,100 Cost of goods sold 1,600 1,700 Depreciation 500 520 Inventories 300 350 Administrative expenses 500 550 Interest expense 150 150 Federal and state taxes* 400 420 Accounts payable 300 350 Accounts receivable 400 450 Net fixed assets+ Long-term debt 5,000 5,800 2,000 2,400 Notes payable Dividends paid Cash and marketable securities 1,000 600 410 410 800 300 * Taxes are paid in their entirety in the year that the tax obligation is incurred. + Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed.