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Comparative financial statement data for Carmono Company follow: Assets Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property,

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Comparative financial statement data for Carmono Company follow: Assets Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets 50 75 240 65 175 $ 250 24 40 70 200 50 150 220 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity S 40S 36 145 39 150 60 $ 250 $ 220 For this year the company reported net income as follows: Sales Cost of goods sold Gross margin Selling and administrative expenses Net income $ 275 150 125 90 $ 35 This year Carmono declared and paid a cash dividend. There were no sales of property, plant. and equipment during this year. The company did not repurchase any of its own stock this year. Required: I. Using the indirect method and the table provided below, prepare a statement of cash flows f this year

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