cash flow identity. use the data from the following financial statements in the popup window. the company paid interest expense of $18000 for 2017 and had an overall tax rate of 40% for 2017. verify the cash flow identity:

cash flow from assets=cash flow to creditors+cash flow to owners

e in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 $140,000 Cost of goods sold Fixed costs $43,000 $28,000 Selling, general, and administrative expenses $46,000 Depreciation ito nontonte into a cnraarisheet) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES are $14,000 $19,000 $190,000 $130,000 Cash $16,000 Notes payable Accounts receivable $28,000 Accounts payable Inventories $48,000 Long-term debt Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation $142,000 Retained earnings Intangible assets $82,000 Common stock (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,000 Notes payable Accounts receivable $19,000 Accounts payable Inventories $53,000 Long-term debt Fixed assets $448,000 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets $82,000 Common stock $12,000 $24,000 $162,000 $180,000