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Help please CLL Logistics is doing really well. Management is considering expanding into additional product lines that complement their software division. This expansion would require

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CLL Logistics is doing really well. Management is considering expanding into additional product lines that complement their software division. This expansion would require additional capital assets, which would require a short term bank loan, at least until the new product lines are ramped up. Zoe, the CFO has a great relationship with their bank, and knows that her bank manager will require a statement of cash flows before they can begin to discuss the terms of the loan. Zoe pulls out the recent balance sheet and gathers up the other necessary information. CLL Logistics Inc. Balance Sheet December 31, 2019 December 31, 2019 December 31, 2018 Cash 120,000 105,000 Accounts Receivable 510,000 495,000 Inventory 610,000 581,000 Prepaid Expenses 26,000 52,000 Total Current Assets 1,266,000 1,233,000 Investments 80,000 89,000 Plant & Equipment 2,200,000 1,700,000 Less: Accumulated depreciation 1,071,000 761,000 TOTAL Assets 2,475,000 2,261,000 Accounts Payable 279,000 187,000 Notes Payable 500,000 500,000 Accrued Expenses 31,000 44.000 Current Liabilities 810,000 731,000 Bonds Payable 140,000 100,000 TOTAL Liabilities 950,000 831,000 Preferred Stock 90,000 90,000 Common Stock 500,000 500,000 Retained Earnings 935,000 840,000 TOTAL Shareholder's Equity 1,525,000 1,430,000 TOTAL Liabilities and Shareholder's Equity $2,475,000 $2,261,000 Additional Information: Net income for December 31, 2019 was $205,000 Cash dividends of $80,000 were declared and paid to common shareholders Preferred dividends of $30,000 were paid The company sold $9,000 in long term investments The company issued $40,000 in long term bonds REQUIRED - Prepare a statement of cash flows for 2019. Use the following template for your response. out of a love to

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