Stockholders' Equity Common Stock, no par 149 61 Retained Earnings 221 156 Total Stockholders' Equity 370 217 Total Liabilities and Stockholders' Equity S624 $554 Requirements 1. Prepare a statement of cash flows for 20X4 in the format that best shows the relationship between net income and net cash flows from operating activities. The company sold no plant assets or long-term investments and issued no notes payable during 20X4. There were no non-cash investing and financing transactions during the year. Show all amounts in thousands. 2. Considering net income and the company's cash flows during 20X4, was it a good year or a bad year? Give your reasons.