Sales COGS Dep EBIT Interest Taxable income Taxes NI 195,000.00 140,000.00 11,800.00 43,200.00 6,800.00 36,400.00 8,600.00 27,800.00 2006 Cash 22,500.00 A/R 25,200.00 Inventory 55,760.00 Total CA 103,460.00 Net Fixed Asst 213,000.00 Total Asset 316,460.00 Waxham Feed Balance Sheet 2007 2006 2007 20,000.00 A/P 33,700.00 20,500.00 19,300.00 LTD 65,500.00 82,000.00 Common 40,570.00 Stock 75,000.00 75,000.00 79,870.00 RE 142,260.00 173,170.00 270,800.00 Tot Lia, & 350,670.00 OE 316,460.00 350,670.00 How does inventory affect the statement of cash flows for 2007