Question $6$: Construct the Cash Flow Statement using the information below $(6$ points$)$

Balance Sheet as of Dec $31$st$,202320232022$

Current Assets:

Cash $80,00042,000$

Accounts Receivable $106,00073,000$

Inventory $128,000145,000$

Long$-$term Assets:

Property, Plant, and Equipment $525,000252,000$

Accumulated Depreciation $(72,000)(42,000)$

Net Property, Plant, and Equipment $453,000210,000$

Total Assets $767,000470,000$

Current Liabilities:

Accounts Payable $90,00050,000$

Accrued Liabilities $21,00010,000$

Long$-$term Liabilities

Long$-$term Debt $183,00080,000$

Total Liabilities $294,000140,000$

Common Stock $+$ APIC $355,000250,000$

Retained Earnings $118,00080,000$

Total Stockholders' Equity $473,000330,000$

Total Liabilities $+$ Stockholders' Eq$.767,000470,000$

Income Stmt$.$ For Jan $1,2023-$ Dec $31,2023$

Net Sales $310,000$

Cost of Goods Sold $(175,000)$

Gross Profit $135,000$

Operating Expenses:

Salaries $(65,000)$

Depreciation $(30,000)$

Other Expenses $(8,000)$

Total Operating Exp. $(103,000)$

Other Income and $($Expenses$)$:

Interest Revenue $12,000$

Dividend Revenue $9,000$

Interest Expense $(1,000)$

Total Other Income and $($Expenses$)20,000$

Income before Income Taxes $52,000$

Income Tax Expense $(14,000)$

Net Income $38,000$