CONSTANTINE CAVAMANLIS INC BALANCE SHEETS Assets Dec. 31, 2004 Jan. 1, 2004 $ 13,000 88,000 22,000 -(11,000) Inc Dec. Cash $ 45,000 91,000 39,000 (17,000) $32,000 Inc. 3,000 Inc 17,000 Inc. 6,000 Inc. Total $158,000$112000 Accounts payable Common stock Retained earnings 5,000 Inc 20,000 Inc. 21,000 Inc. S 20,000 100,000 38,000 $ 15,000 80,000 17,000 Total $158,000 $112,000 Net income of $44,000 was reported, and dividends of $23,000 were paid in 2004. New equipment was purchased and none was sold. Instructions Prepare a statement of cash flows for the year 2004