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The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items
The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items correspond to revenues or expenses during the year ending in either 2021 or 2022. All values are in thousands of dollars. 2021 Revenue. Cost of goods sold Depreciation Inventories $ 4,800 2022 $ 4,900 1,800 1,900 530 550 250 310 Administrative expenses 440 490 Interest expense 160 160 Federal and state taxes" 560 580 Accounts payable 300 360 Accounts receivable 420 490 Net fixed assets 5,800 6,500 Long-term debt 4,100 6,700 Notes payable 700 510 Dividends paid 370 370 Cash and marketable securities 2,980 490 *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 2022 Note: Enter your answers in thousands of dollars. Negative amounts should be indicated by a minus sign. Cash flows from operations Net income Noncash expenses Fincorp Incorporated Statement of Cash Flows ($ in 000s) Changes in working capital < Prev 4 of 11 Next > Note: Enter your answers in thousands of dollars. Negative amounts snouia de indicated by a minus sign. Cash flows from operations Net income Noncash expenses Fincorp Incorporated Statement of Cash Flows ($ in 000s) Changes in working capital Total change in working capital Cash flows from investments Cash flows from financing activities 0 0 0 0 $ 0
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