Please prepare statement of cash flow

530 .III 4? C} H moodle.college.bm Tulle-kc" m" "3.10 "km" Question 0-]! Preparing a Cash Flow Statement Given the nancial information for the TEXAS Corporation. prepare a Statement of Cash Flows for the year ended December 3], 2020. TEXAS Corporation Balance Sheets ASSETS 2019 2020 Cash 5 [45,000 $150,000 Marketable Securities [75,000 [60,000 Accounts Receivable 240,000 220,000 Inventories 230,000 275,000 Investments 20,000 55,000 Total current assets m m Plant and Equipment [,300,000 [,550,000 Less Accumulated Amortintion (450,000) (600,000) Net Plant and Equipment m m Total Assets 1 10000 5[ 810,000 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts Payable S [ [0,000 $ 85,000 Notes Payable 65,000 [0,000 Accrued Expenses 30,000 5,000 Income Taxes Payable 5,000 [0,000 Bonds Payable (20 [ 3) $11,000 900,000 Common Stock (100,000 shares) 200,000 200,000 Retained Earnings $00,000 600,000 Total Liabilities and Shareholders' Equity 11.1mm 51.319433! A. Plums Fll ml [7 The In" "I! hi I" Fine: 1: HEN ml TEXAS Corporation Income Statement for Year Ended December 3], 2020 Sales 5 6,500,000 Less: CostofGoods Sold 5200000 Gross Prot [ 300 000 Less: Selling. General a Administrative Expense 260,000 Operating Prot [ 040 000 Less: Amortization Expense [50,000 Earnings before Interest and Taxes 390,000 Less: Interest Expense 90,000 Earnings before Taxes $00,000 Less: Taxes (50%} 400,000 Net Income MM