Financial Statements for problems 6, 7 and 8 Uuuuuge Baking Co. in thousands Balance Sheet F.Y.E. 12/31/18 & 17 Uuuuuge Baking Co. Income Statement Year Ending 12/31/2018 FYE 2018 FYE 2017 Assets: Current Assets Cash Accounts Receivable Inventory Total Current Assets FYE 2018 $2,625 $2,000 $20 $250 $355 $215 $210 $330 $755 Sales Cost of Goods Sold Depreciation Genl. & Admin Exp EBIT $50 $250 $300 $600 Interest Expense Taxable income $60 $295 Fixed Assets Plant and Equipment Less: Accumulated De Net Plant and Equip Total Assets Income Tax Exp. $60 $6251 -$220 $405 $1.160 $500 -$200 $300 $900 Net Income $235 Less Dividends Paid Additions to R.E. $35 $200 Liabilities Current Liabilities Accounts Payable Total Current Liabili $450 $450 $400 $400 $65 Long Term Debt Total Liabilities $80 $480 $515 Owners Equity Common Stock Retained Earnings Total Owners Equit Total Liabilities $185 $460 $645 $1. 160 $160 $260 $420 $900 7) Using the information in the Financial Statements, prepare a cash flow statement beginning with Net Income and identifying all items that affect cash flow to calculate the net change in cash. Financial Statement Item Net Income Source + or Use - Amount Change in Cash Does your answer above agree with the actual change in the firm's cash