Latigoe Inc. has the following financial statements for 20X8. In addition, the company paid stockholders dividends of $2.9 million and received $4.8 million from the sale of new stock. No fixed assets were retired during the year. (Hint: That implies that fixed asset purchases and depreciation are equal to the changes in the gross fixed asset and accumulated depreciation accounts.) Latigoe Inc. Balance Sheet For the period ended 12/31/X8 ($000) ASSETS 12/31/X7 12/31/X8 Cash $ 3270 $ 2620 Accounts receivable 7916 5637 Inventory 12408 13653 CURRENT ASSETS $ 23594 $ 21910 Fixed assets Gross $ 66098 $ 72166 Accumulated deprec. (47038) (51304) Net $ 19060 $ 20862 TOTAL ASSETS $ 42654 $ 42772 LIABILITIES Accounts payable $ 1677 $ 2212 Accruals 990 799 CURRENT LIABILITIES $ 2667 $ 3011 Long-term debt $ 9007 $ 1352 Equity 30980 38409 TOTAL CAPITAL $ 39987 $ 39761 TOTAL LIABLITIES AND EQUITY $ 42654 $ 42772 Latigoe Inc. Income Statement For the period ended 12/31/X8 ($000) Sales $ 67883 COGS 35498 Gross margin $ 32385 Depreciation 4266 Expense $ 17787 EBIT $ 10332 Interest 1096 EBT $ 9236 Tax 3707 Net income $ 5529 Construct Latigoe's statement of cash flows for 20X8. Enter your answers in thousands. For example, an answer of $1.2 million should be entered as 1200, not 1200000. Use a minus sign, to indicate any decreases in cash or cash outflows. Latigoe Inc. Statement of Cash Flows For the period ended 12/31/X8 ($000) OPERATING ACTIVITIES: Net Income $ fill in the blank 1 Depreciation $ fill in the blank 2 Net changes in current accounts $ fill in the blank 3 Cash from Operating Activities $ fill in the blank 4 INVESTING ACTIVITIES: Increase in Fixed Assets $ fill in the blank 5 Cash from Investing Activities $ fill in the blank 6 FINANCING ACTIVITIES: Decrease in Debt $ fill in the blank 7 Dividends Paid $ fill in the blank 8 Sale of Stock $ fill in the blank 9 Cash from Financing Activities $ fill in the blank 10 NET CASH FLOW $ fill in the blank 11 Reconciliation Beginning Cash $ fill in the blank 12 Net Cash Flow $ fill in the blank 13 Ending Cash $ fill in the blank 14