Help with constructing the financial statement of cash flows.Assume the tax rate is 42.5% and all taxes are current.Interest expense is $5,000.

Example Corporation Statement of Cash Flows For the Year Ended December 31, 2018 Cash Flow from Operating Activities Net income $23,000 Add: depreciation expense 4,000 Increase in accounts receivable (6,000) Decrease in inventory 9,000 Decrease in accounts payable (5,000) Cash provided (used) in operating activities 25,000 Cash Flow from Investing Activities Capital expenditures (28,000) Proceeds from sale of property 7,000 Cash provided (used) by investing activities (21,000) Cash Flow from Financing Activities Borrowings of long-term debt 10,000 Cash dividends (5,000) Purchase of treasury stock (8,000) Cash provided (used) by financing activities (3,000) Net increase in cash 1,000 Cash at the beginning of the year 1,200 Cash at the end of the year $ 2,200