Q-5 (30 points) The Statement of Cash Flows. Consider the following abbreviated financial statements from the ACF, Inc. Partial balance sheets as of December 31, 2018 and 2019: Liabilities & Stockholders' Equity Accounts payable Short-term debt 2019 10,512 16,466 2018 9,504 14,508 Assets Cash Accounts receivable Inventory Current Assets Net PP&E 2019 14,306 21,099 22,754 58,159 406,311 2018 13,320 18,994 13,794 46,108 344, 426 Current Liabilities 26,978 24,012 Long-term debt 152,000 136,800 Total Liabilities 178,978 160,812 Stockholers' Equity 285,492 229,722 Total Liabilities & Stockholers' Equity 464,470 390,534 Total Assets 464,470 390,534 2019 income statement: Revenue Cost of goods sold Gross Profit Sales and Marketing Depreciation EBIT Interest expenses Pretax Income Taxes Net Income Dividends 565,200 274,025 291,175 124,733 54,576 111,866 19,296 92,570 48,137 44,433 9,600 Construct the 2019 statement of cash flows based on the above two statements. Hint: The structure of the Statement of Cash Flows is: Net Income Depreciation Changes in Accounts Receivable Changes in Inventory Changes in Accounts Payable Cash from Operating Activities Capital Expenditures Cash from Investing Activities Dividends Paid Sale (or purchase) of stock Increase in borrowing Cash from Financing Activities Change in Cash and Cash Equivalents (a) (b) (c) (d) (e) (f) (g) (h) (i) 20,937 (j) (k) (1)