Complete the financing activities part of the statement of cash flows:

Statement of Cash Flows (Cont'd) Cash Flows from Financing Activities Increase in notes payable Dividends Net cash provided by financing activities S $ $ Net decrease in cash Cash, February 1, 2018 Cash, January 31, 2018 $ 2018 $ 160 417 624 $ 1,201 $ 2,628 (1.211) $ 1,417 $ 2,618 Knapp Inc. Balance Sheet at 1/31/2017 and 1/31/2018 Assets 2017 Cash S 200 Accounts receivable 450 Inventory 550 Current assets $ 1,200 Plant and equipment $ 2,200 Less accumulated depreciation (1,000) Net plant and equipment $ 1,200 Total assets $ 2,400 Liabilities and Owners' Equity 2017 Accounts payable $ 200 Notes payable-current (9%) 0 Current liabilities $ 200 Bonds $ 600 Owners' equity Common stock $ 900 Retained earnings 700 Total owners' equity $ 1,600 Total liabilities and owners' equity $ 2,400 2018 $ 150 145 $ 295 S 600 $ 900 823 $ 1,723 $ 2,618 2018 $ 1,465 854 $ 611 Knapp Inc. Income Statement for Years Ended 1/31/2017 and 1/31/2018 2017 Sales $ 1,200 700 Cost of goods sold Gross profit $ 500 Selling, general and administrative expenses $ 30 Depreciation 220 250 Operating income $ 250 Interest expense 50 Net income before taxes $ 200 Taxes (40%) 80 $ 120 Net income $ 50 211 261 $ 350 65 $ 285 114 $ 171