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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the Income statement items
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the Income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars 2019 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 2018 $4,000 1,600 500 300 500 150 400 300 409 5,000 2,000 1,000 410 880 $4,100 1,700 520 356 550 150 420 350 450 5,800 2,400 600 410 300 Taxes are paid in their entirety in the year that the tax obligation is incurred t Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed Construct a statement of cash flows for Fincorp for 2019. (Enter your answers in thousands of dollars. Negative amounts should be indicated by a minus sign.) Fincorp Inc. Statement of Cash Flows ($ in 000s) Cash flows from operations Net income Noncash expenses Depreciation expense $ 520 Changes in working capital Total change in working capital 0 $ 520 Cash flows from investments 0 Cash flows from financing activities 0 $ 520
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