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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
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. Revenue Cost of goods sold Depreciation 2021 $ 4,700 1,300 2022 $ 4,800 1,400 410 430 Inventories 250 295 Administrative expenses 440 490 Interest expense 240 240 Federal and state taxes* 680 700 Accounts payable 250 295 Accounts receivable 350 425 Net fixed assetst 4,100 4,740 Long-term debt 2,500 4,500 Notes payable 870 530 Dividends paid Cash and marketable securities 470 2,395 470 380 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 Noncash expenses Changes in working capital Fincorp Incorporated Statement of Cash Flows ($ in 000s) Total change in working capital 0 $ 0 Cash flows from investments Cash flows from financing activities 0 0 0
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