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Cash flows from operations Noncash expenses Changes in working capital Fincorp Inc. Statement of Cash Flows ($ in 000s) 14. Award: 10.00 points The table
Cash flows from operations Noncash expenses Changes in working capital Fincorp Inc. Statement of Cash Flows ($ in 000s) 14. Award: 10.00 points The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 Revenue Cost of goods sold Depreciation $4,000 2019 $4,100 1,600 1,700 500 520 Inventories 300 350 Total change in working capital 0 Administrative expenses 500 550 $ 0 Interest expense 150 150 Federal and state taxes* 400 420 Cash flows from investments Accounts payable 300 350 Accounts receivable 400 450 Net fixed assets+ Long-term debt 5,000 5,800 2,000 2,400 Cash flows from financing activities Notes payable Dividends paid Cash and marketable securities 1,000 600 410 410 800 300 0 $ 0 * Taxes are paid in their entirety in the year that the tax obligation is incurred. Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Construct a statement of cash flows for Fincorp for 2019. (Enter your answers in thousands of dollars. Negative amounts should be indicated by a minus sign.)
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