Cash Flow: Good or Bad?

The following information is for UofU Inc. for the period ending 20X3.

Additional Data:

1. UofU Inc. declared $40,000 in dividends in 20X7. 2. Equipment (cost $100,000, accumulated depreciation was destroyed in tornado. 3. Temporary investments has a three-month term. 4. Goodwill was written down by $20,000 due to the impairment test. 5. Dividends paid are treated as a financing activity. 6. Cash paid for Interest and Income tax do not require a separate disclosure.

Required:

You must prepare the cash flow statement for UofU Inc. for 20X3. Not all information may be relevant and there may be missing information that you will have to use your knowledge of financial statements in order to complete this task.