3) Prepare a statement of cash flows using the following information.

Increase in accounts receivable: $600

Increase in inventories: $160

Increase in long term debt: $160

Beginning cash: $6,000

Increase in accounts payable: $120

Increase in other current assets: $300

Dividends: $80

Increase in common stock: $20

Increase in gross fixed assets: $100

Depreciation expense: 3,000

Net income: $1,000