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I JUST NEED THE BOXES THAT ARE ENCLOSED IN RED BOX The table below contains data on Fincorp Inc. The balance sheet items correspond to
I JUST NEED THE BOXES THAT ARE ENCLOSED IN RED BOX
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 $3,900 1,200 470 330 470 2019 $4,000 1,300 490 400 520 180 500 410 445 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 180 5,850 480 350 370 5,000 2,300 790 490 2,525 5,100 520 490 410 * Taxes are paid in their entirety in the year that the tax obligation is incurred. T Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Construct a statement of cash flows for Fincorp for 2019. (Enter your answers in thousands of dollars. Negative amounts should be indicated by a minus sign.) TWITT" Statement of Cash Flows ($ in 000s) Cash flows from operations Net income $ 1,010 Noncash expenses Depreciation expense $ 490 Changes in working capital Change in accounts receivable Change in inventories Change in accounts payable (75) (70) 60 (85) 1,415 $ Total change in working capital Cash provided by operations Cash flows from investments Cash used for additions to property, plant and equipment Cash provided by investments Cash flows from financing activities Reductions in notes payable Dividends paid Additions to long-term debt (270) (490) (1,800) Cash provided by financing activities Net decrease in cash and cash equivalents (2,560) (1,145)Step by Step Solution
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