Devise a cash flow statement by using the following information:

Satellite World

Income Statement

For the year ended December 31, 2018

Revenues		Costs & Expenses
Net sales	31,955,500	Cost of goods sold	11,542,000
Dividend Income	150,000	Operating Expense( Depreciation: 2011121)	8,537,500
Interest Income	856,000	Interest Expense	622,500
Gain on sale of Marketable Securities	182,000	Income Taxes	700,000
		Loss on sale of plant assets	11121
TOTAL	33,143,500	TOTAL
Net Income =

The following table summarizes all the debit and credit entries during the year:

Items	Debit	Credit
Marketable Securities	300,000	515,000
Notes Receivable	525,500	637,500
Plant assets	8,852,000	995,000
Notes Payable	762,800	873,500
Bonds payable		2,983,000
Capital stock		155,200
Additional paid-in-capital		802,000
Retained Earnings	828,000	2,456,000

Additional Information:

Selected Account Balances	End of Year	Beginning of Year
Accounts Receivable	800,000	600,000
Accrued interest receivable	75,000	125,000
Inventories	1,250,000	550,000
Short term prepayments	150,000	205,000
Accounts payable	1,495,000	900,000
Accrued operating expenses payable	145,000	50,000
Accrued interest payable	100,800	55,000
Accrued income tax payable	31,500	100,000

Cash & cash equivalents: beginning of year: 2011121