Question 7 Use the following income statement and balance sheet information to put together a statement of cash flows. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Sales Cost of goods sold Gross profit Gen'l & admin expense Selling & mkt expense Depreciation Operating income Interest Income before taxes Income taxes (27%) Net income Dividends paid 2017 $1,241,000 $686,000 $555,000 $158,000 $135,000 $25,000 $237,000 $141,000 $96,000 $25,920 $70,080 $25,000 Assets Cash Accounts receivable Inventory Total current assets Gross plant and equipment Less: accum. depreciation Net plant and equipment Total assets Liabilities 2017 $24,000 $ $124,000 $201,000 $ $349,000 $700,000 $313,000 $387,000 $736,000 2016 $13,220 5112,000 $218,000 S343, 220 $475,000 5298,000 5187,000 $530,220 Accounts payable Notes payable Total current liabilities Long-term debt Total liabilities Common stock ($0.01 par) Paid-in capital Retained earnings Total stockholders' equity Total liabilities and equity $117,000 $27,000 $144,000 $245,000 $389,000 $4,500 $224,500 $118,000 $347,000 $736,000 $103,000 $27,000 $130,000 $149,000 5279,000 $4,000 $174,300 $72,920 5251,220 $530,220 Statement of Cash Flows 2017 $