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inle Side Question 2: (27 Points) The following set of information pertains to Charlie Tuna Corp 1992 2000 Cash Accounts receivable (net) Prepaid insurance Inventory

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inle Side Question 2: (27 Points) The following set of information pertains to Charlie Tuna Corp 1992 2000 Cash Accounts receivable (net) Prepaid insurance Inventory Fixed assets Accumulated depreciation (180,000 Total assets, S6,000 44,500 15,000 99,000 550,000 $15,000 65,000 10,000 40,000 500,000 150,000 34500 Accounts payable $32,000 7,000 5,000 200,000 100,000 190,500 4.500 $37,000 3,000 2,000 220,000 100,000 218,000 580,000 Unearned revenue Accrued utilities Notes payable Capital stock Retained earnings Total Liabilities& Equity 2000 Sales Cost of goods sold Depreciation expense Utility expense Bad debt expense Insurance expense Loss on sale of fixed assets Net Income $600,000 (400,000) (30,000) (45,500) (5,000) (55,000) 52,500 During the year, Charlie Tuna paid $80,000 in cash to acquire fixed assets and made principal payments of $25,000 on their notes payable. Charlie Tuna did not have any significant noncash exchanges. Required: Prepare the statement of cash flows for 2000. You may need to infer certain transactions from the data provided

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