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Can someone pls help me with Statement of Cash Flows Sales 7,000 Cost of Goods Sold 4,200 * * Gross Profit 2,800 Depreciation expense 200

Can someone pls help me with Statement of Cash Flows

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Sales 7,000 Cost of Goods Sold 4,200 * * Gross Profit 2,800 Depreciation expense 200 other operating expenses 2,400 Income from Operations 200 Gain on Sale of Equipment Net Income 200 Note: No Equipment was sold. Dividends of $50 were declared and paid. Holly Company Comparative Balance Sheet 2008 2007 Change Assets Cash 350 230 Accts Receivable 540 560 Inventory 1,450 1, 150 Land 500 Plant & Equipment 1,700 1,700 Accumulated Depreciation (520) (320 Total Assets 4,020 3,320 Liabilities & Equity Accounts Payable 700 550 Long Term Debt 500 100 Common Stock 800 800 Retained Earnings 2,020 1,870 Total Liability & Equity 4,020 3,320 Holly Company Statement of Cash Flows 2008 (dollars in thousands) Cash Flows from Operating Activities Net Income Addback Depreciation Expense Less "Gain on Sale" of Equip change in A/R change in Inventory change in A/P Total Cash Flows from Operating Activities Cash Flows from Investing Activities Cash received from sale of L/T Assets Cash used for purchase of LIT Assets Total Cash Flows from Investing Activities Cash Flows from Financing Activities Cash received from issuing L/T Debt Cash used to retire LIT Debt Cash received from sale of stock Cash used to purchase Treasury Stock Cash used to pay dividends Total Cash Flows from Financing Activities Change in Cash during 2xxx Add: Beginning cash balance Ending cash balance

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