Transcribed image text: E F G Basic Statement of Cash Flows Exercise After calculating the changes in balance sheet accounts, complete the SCF to the right Follow the example in the text: order of items in each category counts Balance Sheets Statement of Cash Flows Change Cash Flows from Operating Activities 9 Cash 10 Accounts Receivable 11 Inventory 12 Net PP&E 13 Total Assets 2019 248 492 1,255 7,850 9,845 2018 258 501 1,105 7.512 9,376 Net Cash Flows from Operating Activities 14 Cash Flows from Investing Activities Net Cash Flows from Investing Activities 15 Accounts Payable 16 Notes Payable (Long Term) 17 LT Debt 18 Common Stock & APIC 19 Retained Earnings 20 Total Liabilities and Equity 795 1,150 2,150 850 4,900 9,845 TRUE 808 1,101 2,075 825 4,567 9,376 TRUE Cash Flows from Financing Activities TRUE Income Statement Net Cash Flows from Financing Activities Net Cash Flows - 2019 Beginning Cash Balance Ending Cash Balance should agree to balance sheet) FALSE 26 Sales 27 Cost of Goods Sold 28 SG&A Expenses 29 Depreciation 30 EBIT 31 Interest Expense 32 Taxable income 33 Income Tax Expense 34 Net Income 2019 4,125 1,895 744 258 1,228 244 984 335 649 36 Dividends Paid: 316