Statement of Cash Flows (24 points)
Young, Inc., has prepared the following comparative balance sheets for 2017 and 2018:
	2018	2017	Change
Cash	55,000	34,000	21,000
Accounts Receivable	145,000	121,000	24,000
Inventory	160,000	130,000	30,000
Prepaid expenses	15,000	10,000	5,000
Property, Plant, and Equipment	1,280,000	1,200,000	80,000
Accumulated Depreciation	(450,000)	(375,000)	(75,000)
Intangible Assets	140,000	155,000	(15,000)
Total Assets	1,345,000	1,275,000	70,000
Accounts Payable	70,000	100,000	(30,000)
Accrued Liabilities	59,000	70,000	(11,000)
Notes Payable	200,000	150,000	50,000
Bonds Payable	300,000	300,000	-
Discount on Bonds Payable	(4,000)	(5,000)	1,000
Common Stock	675,000	615,000	60,000
Retained Earnings	95,000	60,000	35,000
Treasury Stock	(50,000)	(15,000)	(35,000)
Total Liabilities and Stockholders Equity	1,345,000	1,275,000	70,000
1. Young issued additional common stock during the period for $95,000 in cash and repurchased additional shares for the treasury.
2. Young declared and paid cash dividends of $140,000 during the year.
3. Property, Plant & Equipment costing $20,000, with accumulated depreciation of $5,000 was sold for $25,000 cash.
4. Property, Plant & Equipment, at a price of $100,000, was purchased for cash in 2018.
5. There were no purchases or disposals of intangible assets in 2018.
6. Young issued a new note payable in 2018 to borrow an additional $50,000 in cash.
The income statement for 2018 is as follows:
Sales	$1,980,000
Cost of Sales	1,090,000
Gross Profit	$890,000
Operating expenses	605,000
Depreciation expense	80,000
Amortization expense	15,000
Income from Operations	$190,000
Gain of the Sale of Property	10,000
Interest Expense	25,000
Net Income	$175,000
Requirements:
a. From the information above, prepare a statement of cash flows for Young, Inc. for the year ended December 31, 2018.
b. From the information above, determine the cash paid to suppliers by Young for 2018.