Use the following financial information fill out the empty tables below.

Income Statement
Sales	$900,000
Cost of goods sold	$500,000
Gross margin	$400,000
Selling and administrative expenses	$328,000
Net operating income	$72,000
Gain on sale of equipment	$8,000
Income before taxes	$80,000
Income taxes	$24,000
Net income	$56,000

Assets	Year 1	Year 2
Cash	$4,000	$21,000
Accounts receivable	$250,000	$170,000
Inventory	$310,000	$260,000
Prepaid expenses	$7,000	$14,000
Total current assets	$571,000	$465,000
Property, plant, and equipment	$510,000	$400,000
Less accumulated depreciation	$132,000	$120,000
Net property, plant, and equipment	$378,000	$280,000
Loan to Hymans Company	$40,000	$0
Total assets	$989,000	$745,000

Liabilities and Stockholders Equity	Year 1	Year 2
Accounts Payable	$310,000	$250,000
Accrued Liabilities	$20,000	$30,000
Income Taxes Payable	$45,000	$42,000
Total Current Liabilities	$375,000	$322,000
Bonds Payable	$190,000	$70,000
Total Liabilities	$565,000	$392,000
Common Stock	$300,000	$270,000
Retained Earnings	$124,000	$83,000
Total Stockholders Equity	$424,000	$353,000
Total Liabilities and Stockholders Equity	$989,000	$745,000

Note: Equipment that had cost $40,000 and on which there was accumulated depreciation of $30,000 was sold during Year 2 for $18,000. The company declared and paid a cash dividend during Year 2. It did not retire any bonds or repurchase any of its own stock.

Accumulated Depreciation
Beginning Balance	Debits	Credits	Ending Balance
$	$	-	$

Analyze the changes in non-cash balance sheet accounts that impact net income.

Current Assets
Description	Account Balance Increase	Account Balance Decrease
Accounts Receivable	$	-
Inventory	$	-
Prepaid Expenses	-	$

Current Liabilities
Description	Account Balance Increase	Account Balance Decrease
Accounts Payable	$	-
Accrued Liabilities	-	$
Income Taxes Payable	$	-

Compute the net cash provided by operating activities.

Net Income	-	$
Depreciation	$	-
Increase in Accounts Receivable	$	-
Increase in Inventory	$	-
Decrease in Prepaid Expenses	$	-
Increase in Accounts Payable	$	-
Decrease in Accrued Liabilities	$	-
Increase in Income Taxes Payable	$	-
Gain on Sale of Equipment	$	$
Net Cash provided by Operating Activities	-	$

Analyze the changes in non-cash balance sheet that impact investing and financing cash flows

Non-Current Assets
Description	Account Balance Increase	Account Balance Decrease
Property, Plant, and Equipment	$	-
Loan to Hymans Company	$	-

Liabilities and Stockholder's Equity
Description	Account Balance Increase	Account Balance Decrease
Bonds Payable	$	-
Common Stock	$	-

Property, Plant, and Equipment
Beginning Balance	Debits	Credits	Ending Balance
$	-	$	$

Retained Earnings
Beginning Balance	Debits	Credits	Ending Balance
$	-	$	$