Problem 4: Statement of Cash Flows A comprehensive set of financial statements for the Smith Products Co. is given below. Smith Products Balance Sheets, 12/31/x1.x2 Assets Current Assets Cash Marketable Securities Accounts Receivable 19x2 19x1 $217,000 $33,000 $26,000 $17,000 $590,000 $410,000 Inventory $630,000 $620,000 Prepaid Expenses $10,000 $5,000 Total Current Assets $1,473,000 $1,085,000 Long-Term Investments $80,000 $130,000 Loans to Subsidiaries $60,000 $70,000 Plant and Equipment $1,700,000 $1,800,000 Less Acc. Dep. -$615,000 $560,000 Net Plant and Equipment $1,085,000 $1,240,000 Goodwill $84,000 $90,000 Total Assets $2,782,000 $2,615,000 Liab and SE Accounts Payable $874,000 $570,000 Accrued Liabilities $25,000 $42,000 Total Current Liabilities $899,000 $612,000 Long Term Notes $820,000 $400,000 Deferred Income Taxes $133,000 $118,000 Total Liabilities $1,852,000 $1,130,000 Shareholders Equity Common Stock Retained Earnings Total Shareholders Equity Total Liabilities and SE $420,000 $1,000,000 $510,000 $485,000 $930,000 $1,485,000 $2,782,000 $2,615,000