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Cashless, Inc. Consolidated Income Statements At and for the years ended December 31 (all amounts in thousands) Sales Revenue Cost of Goods Sold 20X3

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Cashless, Inc. Consolidated Income Statements At and for the years ended December 31 (all amounts in thousands) Sales Revenue Cost of Goods Sold 20X3 20X2 $138,000 $124,000 $85,000 $80,000 $23,000 $20,000 Selling Expenses $12,000 $10,000 Depreciation and Amortization Expense $50,000 Current Assets (except Cash) $60,000 $28,000 $40,000 Current Liabilities Calculate Microhard's Cash from Operating Activities on the Statement of Cash Flows for the year ended December 31, 2003

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