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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end of 2013 and 2014, while the income statement

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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end of 2013 and 2014, while the income statement items correspond to revenues or expenses during the year ending in either 2013 or 2014. All values are in thousands of dollars.

Please find attached.

20132014
Revenue$4,000$4,100
Cost of goods sold1,6001,700
Depreciation500520
Inventories300350
Administrative expenses500550
Interest expense150150
Federal and state taxes*400420
Accounts payable300350
Accounts receivable400450
Net fixed assets?5,0005,800
Long-term debt2,0002,400
Notes payable1,000600
Dividends paid410410
Cash and marketable securities800300
* Taxes are paid in their entirety in the year that the tax obligation is incurred.
?Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed.

Construct a statement of cash flows for Fincorp for 2014.(Enter your answers in thousands of dollars. Amounts to be deducted should be indicated with a minus sign.)

image text in transcribed The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end of 2013 and 2014, while the income statement items correspond to revenues or expenses during the year ending in either 2013 or 2014. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2013 2014 $4,000 $4,100 1,600 1,700 500 520 300 350 500 550 150 150 400 420 300 350 400 450 5,000 5,800 2,000 2,400 1,000 600 410 410 800 300 * Taxes are paid in their entirety in the year that the tax obligation is incurred. Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Construct a statement of cash flows for Fincorp for 2014. (Enter your answers in thousands of dollars. Amounts to be deducted should be indicated with a minus sign.) Fincorp Inc. Statement of cash flows ($ in 000s) Cash flows from operating activities: $ Net income Noncash expenses Depreciation 520 Changes in working capital Increase in accounts receivable -50 Increase in accounts payable 50 Increase in inventories -50 Total change in working capital Net cash operating activities provided by Cash flows from investing activities: Cash used for additions to property, plant and equipment Net cash -5800 investing activities used for Cash flows from financing activities: Additions to long-term debt 400 Dividends paid -410 Reductions in notes payable -500 Net cash financing activities used for Net in cash and cash equivalents decrease $

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