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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. 2018 $4,100 1,700 470 270 520 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 240 340 320 350 4,800 4,000 687 380 2,378 2019 $4,200 1,800 490 335 570 240 360 355 395 5,540 6,500 540 380 480 * Taxes are paid in their entirety in the year that the tax obligation is incurred. T Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Construct a statement of cash flows for Fincorp for 2019. (Enter your answers in thousands of dollars. Negative amounts should be indicated by a minus sign.) Fincorp Inc. Statement of Cash Flows ($ in 000s) Cash flows from operations Net income Fincorp Inc. Statement of Cash Flows ($ in 000s) Cash flows from operations Net income Noncash expenses Depreciation expense Changes in working capital Change in accounts receivable Change in inventories Change in accounts payable Total change in working capital Cash provided by operations Cash flows from investments Cash used for additions to property, plant and equipment Cash flows from financing activities Additions to long-term debt Reductions in notes payable Dividends paid Cash used for financing activities Net decrease in cash and cash equivalents
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