prepare a statement of cash flows for the corporation .

Income Statement For the Year Ended December 31, 2008 *** Sales Cost of goods sold Gross profits Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share $2,200,000 1,300,000 900,000 420,000 150.000 330,000 90,000 240,000 80.000 160,000 10.000 S 150.000 120,000 1.25 *****