The following information is pertinent financial accounting information for specific transactions for Knights, Inc. for the year ending December 31st, 2018. Cash and cash equivalents, Jan. 1 512,000 Credit sales 2,500,000 Interest and dividends received 100,000 Cash sales $ 825,000 Purchases (all on account) 1,800,000 Loans made to borrowers 500,000 Cash transferred from the money market fund to the general bank account 250,000 Collections on accounts receivable 2,200,000 Proceeds from issuing bonds payable 2,500,000 Payments on accounts payable to merchandise suppliers 1,500,000 Cash payments for operating expenses 1,050,000 Book value of plant assets sold 660,000 Interest paid 180,000 Income taxes paid 95,000 Collections on loans (excluding receipts of interest) 260,000 Cash paid to acquire plant assets 3,100,000 Loss on sales of plant assets 80,000 Dividends paid 120,000 Instructions a. Using the information above, prepare a Cash Flow Statement for Knights Inc. for the year ending December 2018. Please remember that the statement of cash flows only considers items paid or received in cash.