1. Use the income statement and balance sheet shown below to develop the statement of cash flows. YEAR T+1 $5,700.00 Revenues $4,560.00 COGS Gross Profit $1,140.00 $500.00 Operating Expenses Depreciation $27.00 $613.00 EBIT Interest Expense $35.00 $578.00 EBT $231.20 Taxes NI $ 346.80 $0.00 Dividends $346.80 ARE Balance Sheet YEAR T YEAR T+1 $714.80 $120.00 Cash and Equivalents $500.00 $500.00 Accounts Receivable $340.00 $300.00 Inventory $1,514.80 $960.00 Total Current Assets $800.00 $660.00 Fixed Assets $200.00 $227.00 Accumulated Depreciation $600.00 $433.00 Net Fixed Assets $1,560.00 $1,947.80 Total Assets $300.00 $320.00 Accounts Payable $1,947.80 $1,560.00 Total Assets $320.00 $300.00 Accounts Payable $40.00 $50.00 Short-Term Notes Payable $11.00 $10.00 Accruals $371.00 $360.00 Total Current Liabilities $780.00 Long-Term Debt $750.00 Introduction to Short-Term Financial Mana Total Liabilities $1,151.00 $1,110.00 Common Stock $120.00 $120.00 Retained Earnings $676.80 $330.00 Total Shareholders' Equity $796.80 $450.00 Total Liabilities & Shareholders' Equity $ 1,947.80 $1,560.00 From the financial statements shown in problem 1, calculate the AFNWC. 2