URGENT

Need to create a statement of cash flows with the given information

wala Craft Company The Paola Craft Company Income statement For the Year Ended December 31, 2007 (an thousands 54.800 Sales $2,70 65 1.622 Operating Expenses cost of goods sold Depreciation expense other selling and administrative Total Operating Expenses Operating Income Loss on sale of investments Income Before Taxes Income taxes Net Incos 4,206 5 594 (12) SS82 (14) 569 Paula Craft Company Statement of Changes in Retained Earnings For the Year Ended December 31, 2007 Retained Earnings, Jan. 1 Net Income Dividends Retained Earnings, Dec. 31 Paula Craft Company Balance Sheets At December 31 (in thousands) 2006 2007 Assets Current Assets Cash Accounts receivable Inventory Prepaid expenses Total Current Assets $1,529 1.006 396 40 $2,971 $ 660 B00 500 62 $2,022 $ $ 809 (75) $ 734 558 (220) 548 Equipment Less: Accumulated depreciation Equipment, net $ $ 52 $3,257 $ 99 $2.669 Investments Total Assets $ $ $ Liabilities and Stockholders' Equity Current Liabilities Accounts payable Taxes payable Total Current Liabilities 726 14 809 10 819 $ 740 S $ 500 $1,240 -0- $ 819 Bonds payable Total Liabilities Stockholders' Equity Common stock Retained earnings Treasury Stock Total Stockholders' Equity Total Liabilities and Stockholders' Equity $1,200 1,397 (BO) $2,517 $3752 $ 900 950 -0- $1,850 $2.669