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Create a full Statement of Cash Flows using the following information: Benjamin, Inc. Income Statement For the year ended Dec 31, 20xx Sales Cost

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Create a full Statement of Cash Flows using the following information: Benjamin, Inc. Income Statement For the year ended Dec 31, 20xx Sales Cost of Good Sold 275,000 135,000 140,000 Gross Profit Operating Expenses: Wages & Salaries 55,000 Rent 24,000 Depreciation 17.000 Other 6,000 Total Operating Expenses 102.000 Income from Operations. 38,000 Gain/(Loss) on sale from equipment 0 Income before income taxes 38,000 Income Tax Expense Net Income 14,440 23,560 Add'l Information: Beginning Cash Balance 27,000 Ending Cash Balance 0 Increase in Accounts Receivable 4,000 Decrease in Accounts Payable 5,500 Increase in Income Taxes Payable 3,200 Increase in Prepaid Expenses 8,000 Decrease in Merchandise Inventory 12,000 Increase in Long-Term Notes Payable 19,000

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