B Assignment 1.5 Exercises D E F G H J K 5 Points Problem 8: Cash Flow Statement Balance Sheets and an Income Statement for Whistler Corporation are provided below (in $ thousands): Whistler Corporation Balance Sheet ($ thousands) December 31st M N 0 P Whistler Corporation Income Statement ($ thousands) For Year Ended December 31st, 2019 Cash 2018 $ 47,500 2019 Change $ 76,700 $ Accounts Receivable 43,100 Inventories 49,000 36,500 29,200 43,100 (12,500) Net Sales $ 165,300 Cost of Goods Sold 46,200 Depreciation 1,400 Total Current Assets 96,500 156,300 59,800 EBIT (Operating Income) 117,700 Land 15,800 15,800 Interest Expense 2,000 Buildings 103,600 164,600 61,000 Other Non-Operating Expenses 5,600 Equipment 63,200 65,500 2,300 EBT (Taxable Income) 110,100 Patents 5,200 Less: Accumulated Depreciation 10,800 5,200 12,200 Total Fixed Assets 177,000 238,900 Total Assets 273,500 395,200 Accounts Payable 48,000 Income Taxes Payable Total Current Liabilities 48,000 25,900 10,700 36,600 (22,100) 10,700 (11,400) , 1,400 61,900 Income Taxes 40,900 Net Income 69,200 121,700 Dividends Paid 22,000 Addition to Retained Earnings 47,200 Long Term Debt 100,100 134,000 33,900 Common Stock 125,400 177,400 52,000 47,200 47,200 Retained Earnings Shareholders' Equity 125,400 224,600 99,200 Total Liabilities and Equity 273,500 395,200 121,700 Create a Cash Flow Statement for Whistler Corporation. Create your Original Solution Below - Be sure to show all calculations and clearly indicate answers.