Current Attempt in Progress Use the following income statement and balance sheet information to put together a statement of cash flows. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) 2020 Sales $1,237,000 Cost of goods sold $687,000 Gross profit $550,000 Gen'l & admin expense $157,000 Selling & mkt expense $135,000 Depreciation $25,000 Operating income $233,000 Interest $141,000 Income before taxes $92,000 Income taxes (27%) $24.840 Net income $67,160 Dividends paid $25,000 Assets 2020 2019 Cash $24,000 $13,040 Accounts receivable $124,000 $113,000 Inventory $200,000 $219,000 Total current assets $348,000 $345,040 Gross plant and equipment $700,000 $475,000 Less: accum. depreciation $313,000 $288,000 Net plant and equipment $387,000 $187,000 Total assets $735,000 $532,040 Liabilities Accounts payable $116,000 $102,000 Notes payable $29,000 $29,000 Total current liabilities $145,000 $131,000 Long-term debt $245,000 $149,000 Total liabilities $390,000 $280,000 Common stock ($0.01 par) $4,500 $4,000 $222,500 $172,200 Paid-in capital Retained earnings $118,000 $75,840 Total stockholders' equity $345,000 $252,040 Total liabilities and equity $735,000 $532,040 Statement of Cash Flows 2020 $