prepares a Statement of Cash Flows for the year ended December 31, 2018.

Keith corporation balance sheet

December 31

Assets 2003 2002

Cash $1,500 $1,000

Marketable securities 1,800 1,200

Accounts receivable 2,000 1,800

Inventories 2,900 2,800

Total current assets $8,200 $6,800

Gross fixed assets $29,500 $28,100

Less: Accumulated depreciation 14,700 13,100

Net fixed assets $14,800 $15,000

Total Assets $23,000 $21,000

Liabilities and Stockholders Equity

Accounts payable $1,600 $1,500

Notes payable 2,800 2,200

Accruals 200 300

Total current liabilities $4,600 $4,000

Long -term debt $5,000 $5,000

Common stock $10,000 $10,000

Retained earnings 3,400 2,800

Total stockholders equity $13,400 $12,800 Total Liabilities and stockholders equity $23,000 $21,800

Income Statement Data(2003)

Depreciation expense $1,600

Earning before interest taxes 2,700

Taxes 933

Net profits after taxes 1,400