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Given below is the financial information for Redwood Distributions Inc. Balance Sheet Accrued Expenses 30,000 35,000 Income Taxes Payable 15,000 10,000 Bonds Payable (2023) 800,000

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Given below is the financial information for Redwood Distributions Inc. Balance Sheet Accrued Expenses 30,000 35,000 Income Taxes Payable 15,000 10,000 Bonds Payable (2023) 800,000 700,000 Common Stock (100,000 shares ) 300,000 400,000 Retained Earnings ( $300,000 dividend paid in 2022) Total Liabilities' and Shareholders' Equity $1,610,000$1,665,000 Redwood Distributions Inc. Income Statement For the Year Ended December 31, 2022 Sales $6,500,000 Less: Cost of Goods Sold Gross Profit 1,700,000 Less: Selling, General \& Administrative Expenses Operating profit 1,140,000 Required: Prepare a Statement of Cash flow for the year ended December 31, 2022 [20 Marks]

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