PREPARATION OF A STATEMENT OF CASH FLOWS. For the year ended December 31, 19x2, Beckwith Products Company has the following data available:

REQUIRED:

Prepare a statement of cash flows for Beckwith Products for 19x2.

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Sales revenue Cost of goods sold Expenses (wages and services) Interest expense Income taxes expense Accounts receivable, decrease $481,000 329,000 71,000 12,000 17,000 15,000 Inventory, increase 9,300 Accounts payable, increase 2,100 Interest payable, increase 5,500 Wages payable, decrease 4,900 Short-term notes payable (cash proceeds from issuance of note) 20,000 Long-term notes payable (cash payment on principal) 35,000 Common stock (cash proceeds from stock sold) 40,000 Dividends (cash paid) 16,000 Equipment (cash paid for items purchased) 58,000