The following data were extracted from the financial statement of a company for the year Dec 31st. Net Income =70,000 Depreciation Expense =14,000 Amortization of Intangible =1000 Decrease in Accounts Receivable =2000 Increase in Inventory =9000 Increase in Accounts payable =4000 Increase in plant assets =47,000 Increase in contributed capital =31,000 Decrease in short term assets payable =55,000 There were no disposal of plant assets during the year, based on the above, a statement of cashflow will report on a net increase in cash of (closing balanceopening balance)