Question 4: Below are the 2012 and 2013 year-end balance sheets and income statement for FIN460 Corp.: FINANCIAL STATEMENTS 2012 2013 102,007 39,023 62,984 118,086 48.004 70,082 Income Statement Revenue Cort of Goods Sold (COGS Gross Profit Expenses Salaries and Benes Rent and Overhead Depreciation & Amortization Interest Total Expenses Earnings Before Tax 28.427 10.363 19,500 2.500 59,390 3,594 22.558 10.125 18.150 2.500 53,433 16.643 Taxes Net Earnings 1120 2,474 4.858 11.791 Balance Sheet Assets Cash Accounts Receivable Investory Poput Bopment Total Assets 157.971 5.100 7,805 45.500 226,376 181210 5.904 9,601 42350 239,065 Liabilities Accounts Payable 3.302 4.800 Debe 50.000 50.000 Tots abilities 53,902 54,800 Shareholder's Equity Equy Capital 170,000 170.000 Recundings 2.474 14.265 Shareholders Equity 172.474 184,265 Total Libilities & Shareholder 226,376 239,065 L FIN460 does not have any short-term investment il. Property & Equipment here is reported as Net term til. Debt reported here is long-term debt and the firm does not have any short-term debt. in. FIN460 is not a dividend paying firm Prepare year-end 2013 cash flow statement for FIN460 using the following format: Statement of Cash Flows 2013 Cash Flows From Operating Activities Net Earnings Adjustments to Reconcile Net Earnings to Net Cash Depreciation Change in Accounts Receivable Change in Inventory Change in Accounts Payable Net Cash Provided (Used) in Operating Activities Cash Flows from Investing Activities Capital Expenditures Change in Short-term Investments Net Cash Provided (Used) in Investing Activities Cash Flows from Financing Activities Net Short-term Borrowing (Notes Payable) Proceeds from Issuing Long-term Debt Dividend Paid Net Cash Provided (Used) in Financing Activities Net Cash Increase (Decrease) Cash at Beginning of Year Cash at End of Year