2019 Year Sales : 200,00 Purchases : 80,000 Opening inventories : 20,000 Closing inventories : 28,000 Operating expenses (cash) : 25,000 Depreciation & Amortization : 20,000 Financial expenses : 3,000 Financial income : 2,000 Income tax : 7,000 Inventories Receivables Payables Dec. 2019 28,000 42,000 15,000 Dec. 2018 20,000 17,000 13,000 Cash balance (Dec.2018) = 24,000 Investing activities Acquisitionof tangible & intangible assets : 50,000 Disposals of fixed assets : 20,000 Financing activities New borrowing : 40,000 Dividends paid : 15,000 Reimbursement of loans: 8,000 Question : draw up the Cash Flow Statement for Y2019