Given below is a company’s quarterly balance sheet. Prepare the funds flow statement and comment on the movement of funds.

Q4 Q3 Q2 Q1 A/C payable 159 126 42 98 Notes payable 115 89 39 154 Preferred stock 75 75 75 75 Share capital 150 150 150 150 Retained earnings 149 128 133 136 Total 648 568 439 613 Cash 2 1 47 23 A/C receivable 79 34 128 214 Inventory 430 389 113 218 Net plant and equipment 137 144 151 158 Total 648 568 439 61