Clayberger Corporation Income Statements (in $000s) Year 4 Year 3 | Year 2 | Year 1 Revenues 8,614 8,116 7,730 7,436 Expenses 4,307 4,058 3,865 3,718 Depreciation 3,000 2,000 1,000 1,000 EBIT 1,307 2,058 2,865 2,718 Interest 287 248 215 178 Taxes 400 700 1,100 1,050 Net Income 620 1,110 1,550 1,490Clayberger Corporation Balance Sheets (in $000s) Year 4 Year 3 Year 2 Year 1 Current Assets 3,146 2,746 1,838 1,444 Net Fixed Assets 24,346 18,888 10,486 10,614 Total Assets 27,492 21,634 12,324 12,058 Current Liabilities 1,424 1,858 2,166 2,726 Long-Term Debt 3,987 3,244 2,225 1,178 Equity 22,081 16,532 7,933 8,154 Total Liabilities and Equity 27,492 21,634 12,324 12,058Table 16.7 An Alternative Format for a Statement of Cash Flows Starting Cash Balance Operating Activities Net Income Depreciation Investing Activities Financing Activities Dividends Ending Cash Balance