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Net income is $522,000 Please create a statement of cash flow 2020 2019 Assets Current Assets Cash Accounts receivable Inventory Prepaid expenses 285,000 334,000 306,000

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Net income is $522,000

Please create a statement of cash flow

2020 2019 Assets Current Assets Cash Accounts receivable Inventory Prepaid expenses 285,000 334,000 306,000 55,000 980,000 305,000 384,000 256,000 35,000 980,000 Total current assets $ $ Fixed (Long-Term) Assets Property, plant, and equipment (Less accumulated depreciation) Total fixed assets $ $ 650,000 (165,000) 485,000 1,465,000 $ $ 590,000 (130,000) 460,000 1,440,000 Total Assets 60,000 15,000 50,000 55,000 180,000 50,000 20,000 25,000 45,000 140,000 $ Liabilities and Owner's Equity Current Liabilities Accounts payable Wages Payable Uneared revenue Income taxes payable Total current liabilities $ Long-Term Liabilities Bonds payable Total long-term liabilities $ Owner's Equity Common shares Retained earnings Other Total owner's equity $ 490,000 490,000 575,000 575,000 $ 365,000 430,000 285,000 440,000 795,000 $ 725,000 1,465,000 $ 1,440,000 Total Liabilities and Owner's Equity $

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