Q3. Prepare a statement of cash flows from the following list of items. (5 Marks)

Increase in inventories		22,000
Operating income		625,000
Dividends		55,000
Increase in accounts payables		92,500
Interest expense		118,000
Increase in common stock		22,000
Depreciation expense		48,000
Increase in accounts receivable		210,000
Increase in long-term debt		145,000
Increase in short-term notes payable		36,500
Increase in gross fixed assets		144,000
Increase in paid in capital		60,000
Income taxes		202,000
Beginning cash		700,000