Statement of Cash Flows From Basic Data. Warren Lamont gives you his mixedup trial balances as of June 30 for the past two years.

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Prepare a statement of cash flows for the fiscal year ended June 30, 1999, using only the balances and the information Warren has given you. What are the major cash inflows and outflows?

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Income Tax Payable. June 30, 1999 $ 8,130 June 30, 1998 $ 8,240 Plant and Equipment. 54,600 51,400 Accumulated Depreciation 18,000 13,500 Accounts Payable 12,140 13,610 Inventory. 14,280 12,430 Cash.. 16,400 17,250 Capital Stock. 12,000 8,000 Accounts Receivable 18,920 16,480 Wages Payable 7,320 7,890 Notes Payable, due June 30, 2001 24,000 30,000 Unexpired Insurance 2,630 2,280 Retained Earnings 19,240 13,600 Short-Term Bank Loans 6,000 5,000