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show all work with cells Create the Statement of Cash Flows based on the Income Statement and Balance Sheet. Format your answers using thousand separator

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show all work with cells

Create the Statement of Cash Flows based on the Income Statement and Balance Sheet. Format your answers using thousand separator with no decimal places. Use negative sign for cash outflows. Based on your results, fill out the following blanks: Total Cash flows from Operations: $ Total Dividend Paid to Shareholders: $ Total Cash Flows from Financing: $ Net Change in Cash Balance: $ 123 4 5 A B Cristal Clear, Inc. Income Statement For the Year Ended Dec. 31, 2017 2017 2016 4,330,000 3,240,000 3,005,089 2,466,000 1,324,911 774,000 988,411 207,000 115,000 371,000 86,429 20,000 135,071 176,000 73,833 54,000 61,238 122,000 24,495 48,800 36,743 73,200 40% Sales Cost of Goods Sold 6 7 Gross Profit 8 G&A Expenses 9 Other Expenses 10 Depreciation 11 EBIT 12 Interest Expense 13 Earnings Before Taxes 14 Taxes 15 Net Income 16 17 Notes: 18 Tax Rate 123 A Cristal Clear, Inc. Balance Sheet As of Dec. 31, 2017 4 Assets 5 Cash and Equivalents 6 Accounts Receivable 7 Inventory 8 Total Current Assets Plant & Equipment 9 10 Accumulated Depreciation 11 Net Fixed Assets 12 Total Assets 13 Liabilities and Owners' Equity 14 Accounts Payable 15 Short-term Notes Payable 16 Other Current Liabilities 17 Total Current Liabilities 18 Long-term Debt 19 Total Liabilities 20 Common Stock 21 Retained Earnings 22 Total Shareholder's Equity 23 Total Liabilities and Owners' Equity B 2017 2016 46,000 50,000 309,286 360,000 772,714 704,571 1,128,000 1,114,571 434,667 435,000 146,000 59,571 288,667 375,429 1,416,667 1,490,000 158,000 131,000 201,000 264,500 121,000 117,000 480,000 512,500 370,000 167,500 850,000 680,000 367,667 408,000 199,000 402,000 566,667 810,000 1,416,667 1,490,000 123 A B Cristal Clear, Inc. Statement of Cash Flows For the Year Ended Dec. 31, 2017 4 Cash Flows from Operations 5 Net income 6 Depreciation Expense 7 Change in Accounts Receivables Change in Inventories 8 9 Change in Accounts Payable 10 Change in Other Current Liabilities 11 Total Cash Flows from Operations 12 Cash Flows from Investing 13 Change in Plant & Equipment 14 Total cash Flows from Investing 15 Cash Flows from Financing 16 Change in Short-term Notes Payables 17 Change in Long-term Debt 18 Change in Common Stock 19 Cash Dividends Paid to Shareholders 20 Total Cash Flows from Financing 21 Net Change in Cash Balance 22 23 Check answer against Balance Sheet 24 Beginning Cash From Balance Sheet 25 Ending Cash From Balance Sheet 26 Net Change in Cash Balance

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