2000 1999 Cash $4,000 $14,000 25,000 32,500 Accounts receivable Prepaid insurance 5,000 7,000 37,000 34,000 Inventory Fixed assets 316,000 270,000 (30,000) 327,500 $16,000 7.000 160,000 84,000 60,500 Accumulated Depreciation (45,000) Total assets 342,000 Accounts payable $18,000 Wages payable 4,000 Note payable 173,000 Capital stock 88,000 Retained earings 59,000 Total Liabilities & Equity 342,000 2000 Sales $200,000 Cost of goods sold (123,000) Depreciation expense (15,000) Insurance expense (11,000) Wage Expense (50,000) 327,500 Net Income 1,000 During the year 2000 declared and paid dividends of $2,500, during 2000, ABC paid $46,000 in cash to acquire new fixed assets. The accounts payable was used only for inventory. No debt was retired during 2000. Required: Construct a statement of cash flows. (4 marks)