statement of cash flows Zone Company's condensed Income statement for the year ended December 31, 20-2, is shown Net sales $765,000 Cost of goods sold 550,000 Gross profit $215,000 Operating expenses 30,000 Income before taxes 5185,000 Income tax expende 65,000 Net income $120,000 Addbonos obtained from Zowie's comparative balance sheets as of December 31, 20-2 and 20-1, shown 20-2 20-1 $60,000 $20,000 counts receivable 70,000 100,000 Merchandisinventory 80,000 125,000 Accounts payable 55,000 90,000 Ademained from Zowines and statements and dry records for the year ended December 31, 20-25 shown Aurred a warehouse Boogteware open noke to the bank sed on stock 5120,000 20,000 40,000 Puding Dedah dende 50.000 20.000 30.000 Required to one for the wor ended Dec 11,202 CASA Shaw Prepare a statement of cash flows for Zowine for the year ended December 31, 20-2. Zowine Company Statement of Cash Flows For Year Ended December 31, 20-2 Cash flows from operating activities: Net Income Adjustments for changes in current assets and Sabities related to operating activities: Increase in accounts receivable Increase in merchandise inventory Decrease in accounts payable Net cash provided by operating activities Cashflows from investing activities: Purchased warehouse Purchased warehouse equipment Total cash used by investing activities Cashews from financing activities: 30,000 Net cash provided by financing activities Net increase in cash Castlanan 1,20-2 December 11, 20-2 3