Preparing a Statement of Cash Flows from Balance Sheets and Income Statements. BLT Electronics Inc. manufactures parts, components, and processing equipment for electronics and semiconductor applications in the communications, computer, automotive, and appliance industries. Its sales tend to vary with changes in the business cycle because the sales of most of its customers are cyclical. Balance sheets for BTB as of December 31, Year 7 through Year 9, and income statements for Year 8 and Year 9 are presented below. Determine the following cash flow statement amounts: a. Net cash flow from operating activities for Year 8. (3 points) b. Net cash flows from investing activities for Year 8. (3 points) c. Net cash flows from financing activities for Year 8. (3 points) d. Net cash flows from operating activities for Year 9. (3 points) e. Net cash flows from investing activities for Year 9. (3 points) f. Net cash flows from financing activities for Year 9. (3 points)

BLT Electronics Inc. Balance Sheets (amounts in thousands) December 31: Year 9 Year 8 Year 7 ASSETS Cash $ 367 $ 475 $ 430 Accounts receivable 2,545 3,936 3,768 Inventories 2,094 2,966 2,334 Prepayments 122 270 116 Total Current Assets $ 5,128 $ 7,647 $ 6,648 Property, plant, and equipment (net) 3,878 4,392 3,806 Other assets 456 559 193 Total Assets $ 9,462 $ 12,598 $ 10,647 LIABILITIES AND SHAREHOLDERS EQUITY Accounts payable $ 796 $ 809 $ 1,578 Notes payable to banks 2,413 231 11 Other current liabilities 695 777 1,076 Total Current Liabilities $ 3,904 $ 1,817 $ 2,665 Long-term debt 1,935 4,486 2,353 Deferred income taxes 113 89 126 Total Liabilities $ 5,952 $ 6,392 $ 5,144 Preferred stock 289 289 $ - Common stock 85 85 83 Additional paid-in capital 4,395 4,392 4,385 Retained earnings (1,259) 1,440 1,035 Total Shareholders Equity $ 3,510 $ 6,206 $ 5,503 Total Liabilities and Shareholders Equity $ 9,462 $ 12,598 $ 10,647 BLT Electroncs Inc. Income Statements (amounts in thousands) Year Ended December 31: Year 9 Year 8 Sales $ 13,605 $ 22,851 Cost of goods sold (12,177) (16,878) Selling and administrative expenses (3,821) (4,532) Interest expense (471) (449) Income tax expense 180 (582) Net Income $ (2,684) $ 410 Dividends on preferred stock (15) (5) Net Income Available to Common $ (2,699) $ 405