CP 148 Assume the following income statement and balance sheet information: Service revenue (all cash) Operating expenses Salaries (all cash) Net income $175 85 $90 2020 2019 Current assets Cash Shortterm invest. $1,250 100 $1,350 $1,600 200 $1,800 Liabilities Borrowings 600 1,000 Stockholders equity Common stock Retained earnings 200 550 750 $1,350 300 500 800 $1,800 Other information: The shortterm investments are riskless and will be converted to a known amount of cash in 60 days. Borrowings are non current. No gain or loss occurred when common stock was repurchased. Required: 1. 2. 3. 4. Calculate cash flow from operating activities. Prepare the 2020 statement of changes in equity. Calculate cash flow from financing activities. (Appendix) Prepare a cash flow table. Show that cash effects netto a $450 outflow