Use the following income statement and balance sheet information to put together a statement of cash flows. (Enter negative amounts using either a negative sin preceding the number es. 15 or parentheses es: (451) 2020 Sales $1,241,000 Cost of goods sold $686,000 Gross profit $555,000 Gen'l & admin expense $158,000 $135.000 Selling & mkt expense Depreciation $24,000 Operating income $238.000 Interest $140,000 Question 7 of 15 > -12 Income before taxes 598,000 Income taxes (279) $26.460 Net Income $71.540 Dividends paid 525.000 Assets 2020 2019 Cash $24.000 $13.660 $124.000 $112.000 Accounts receivable Inventory Total current assets 5202.000 5219.000 $350.000 $344,660 5700.000 5475.000 Gross plant and equipment cum depreciation $313.000 $289.000 -12 5 SOLUCRU Uru Net plant and equipment $387.000 Total assets $186,000 $530,660 $737,000 $117.000 $103.000 $27.000 $27,000 Liabilities Accounts payable Notes payable Total current liabilities Long-term debt Total liabilities $144,000 $130,000 $245,000 $150,000 $280,000 $389.000 $4,500 $4,000 Common stock ($0.01 par) Paid-in capital Retained earnings $225,500 $175,200 $118,000 $71.460 Total stockholders' equity $348,000 $250,660 $118.000 $71.460 Retained earnings Total stockholders' equity $250,660 $348.000 $737.000 Total liabilities and equity $530,660 Statement of Cash Flows 2020 $ Cash from Operations Financing Activities Investing Activities Operating Activities Net Change in Cash Cash from Financing Cash from Investment Homework 8 Chapters 13-14 TO Question 7 of 15