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Prepare the Statement of Cash Flows based on the information sent by PickU Corporation PickU Corporation Income Statement for the year ended Dec 31, 2021

Prepare the Statement of Cash Flows based on the information sent by PickU Corporation

PickU Corporation Income Statement for the year ended Dec 31, 2021

2020 2019

Sales revenue $ 52,000 $ 47,000

less Cost of Goods Sold 23,000 18,000

Gross Profits 29,000 29,000

Less General and Adm. Expenses 4,500 3,500

Selling Expenses 800 625

Depreciation expense 580 325

Total Expenses 5,880 4,450

Operating Profits 23,120 24,550

less Interest Expenses 1,200 1,000

Net Profit Before Taxes 21,920 23,550

less Taxes 21% 4603.2 4945.5

Net Profits After Taxes 17,317 18,605

less Preferred Dividends 325 325

Earnings Available To Common Stockholders $ 16,992 $ 18,280

A. Prepare a Statement of Cash Flows for the year ended December 31, 2021, organized by cash flow from operating activities, cash flow from investment activities, and cash flow from financing activities. (Value: 26 points, 20 issues @1.30 each)

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