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Please make indirect cash flow statements for 2004-2005 and 2005-2006. Ignore 2007. thanks! Exhibit 2 Balance Sheet at December 31, 2004-2006, and March 31, 2007

Please make indirect cash flow statements for 2004-2005 and 2005-2006. Ignore 2007. thanks! image text in transcribedimage text in transcribed

Exhibit 2 Balance Sheet at December 31, 2004-2006, and March 31, 2007 (thousands of dollars) First Quarter 2007 2004 2005 2006 Cash Accounts receivable Inventory Total current assets $ 45 $ 187 $ 243 $ 475 $ 53 $ 231 $ 278 $ 562 $ 23 $ 264 $ 379 $ 666 $ 32 $ 290 $ 432 $ 755 Property & equipment Accumulated depreciation Total PP&E, net $ 187 ($ 74) $ 113 $ 202 ($ 99) $ 103 $ 252 ($ 134) $ 118 $ 252 ($ 142) $ 110 Total assets $ 588 $ 665 $ 784 $ 865 Accounts payable Line of credit payable Accrued expenses Long-term debt, current portion Current liabilities $ 36 $ 149 $ 13 $ 24 $ 222 $ 42 $ 214 $ 14 $ 24 $ 294 $ 120 $ 249 $ 14 $ 24 $ 407 $ 203 $ 250 $ 12 $ 24 $ 489 Long-term debt Total liabilities $ 182 $ 404 $ 158 $ 452 $ 134 $ 541 $ 128 $ 617 Net worth Total liabilities and net worth $ 184 $ 588 $ 213 $ 665 $ 243 $ 784 $ 248 $ 865 Exhibit 1 Operating Statements for Years Ending December 31, 20042006, and for First Quarter 2007 (thousands of dollars) 2004 2005 2006 First Quarter 2007 a $ 608 $ 499 Net sales Cost of goods sold $ 1,624 $ 1,304 $ 1,916 $ 1,535 $ 2,242 $ 1,818 $ 320 $ 381 $ 424 $ 109 Gross profit on sales Operating expenseb Interest expense Net income before taxes $ 272 $ 27 $ 21 $ 307 $ 30 $ 44 $ 347 31 $ 46 $ 94 $ 8 $ 7 $ 15 $ 16 $ 2 Provision for income taxes Net income 7 14 A A $ 29 $ 30 $ 5 a In the first quarter of 2006, sales were $514,000 and net income was $4,000. Operating expenses include a normal level of cash salary for Mr. Jones in all periods b

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