ollowing are comparative balance sheets for Millco Inc. at January 31 and February 28, 2020:

MILLCO INC.
Balance Sheets
February 28 and January 31, 2020
	February 28				January 31
Assets
Cash	$	58,800			$	51,800
Accounts receivable		89,600				74,200
Merchandise inventory		113,400				131,600
Total current assets	$	261,800			$	257,600
Plant and equipment:
Production equipment		232,400				212,800
Less: Accumulated depreciation		(33,600	)			(29,400	)
Total assets	$	460,600			$	441,000
Liabilities
Accounts payable	$	51,800			$	57,400
Short-term debt		61,600				61,600
Other accrued liabilities		29,400				33,600
Total current liabilities	$	142,800			$	152,600
Long-term debt		46,200				64,400
Total liabilities	$	189,000			$	217,000
Stockholders' Equity
Common stock, no par value, 56,000 shares authorized, 42,000 and 39,200 shares issued, respectively	$	145,600			$	134,400
Retained earnings:
Beginning balance	$	89,600			$	60,200
Net income for month		50,400				40,600
Dividends		(14,000	)			(11,200	)
Ending balance	$	126,000			$	89,600
Total stockholders' equity	$	271,600			$	224,000
Total liabilities and stockholders' equity	$	460,600			$	441,000

Required:

1. Prepare a statement of cash flows that explains above changes?

MILLCO INC.
Statement of Cash Flows
For the Month Ended February 28, 2020
Cash flows from operating activities:
Add (deduct) items not affecting cash:
		$0
Cash flows from investing activities:
Cash flows from financing activities:
		0
		$0