Use the following income statement and balance sheet information to put together a statement of cash flows. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) 2020 Sales $1,243,000 Cost of goods sold $685,000 Gross profit $558,000 Gen'l & admin expense $155,000 Selling & mkt expense $134,000 Depreciation $25,000 Operating income $244,000 Interest $141.000 Sales $1,243,000 Cost of goods sold $685,000 Gross profit $558,000 Gen'l & admin expense $155,000 Selling & mkt expense $134,000 Depreciation $25,000 Operating income $244,000 Interest $141,000 Income before taxes $103,000 Income taxes (27%) $27,810 Net income $75,190 Dividends paid $25,000 Assets Cash 2020 2019 $24,000 $10,910 Accounts receivable $124,000 $112,000 Inventory $201,000 $216,000 Total current assets $349,000 $338,910 Gross plant and equipment $700,000 $475,000 Less: accum. depreciation $313,000 $288,000 Net plant and equipment $387,000 $187,000 Total assets $736,000 $525,910 Liabilities Accounts payable $119,000 $106,000 Notes payable $26,000 $26,000 Total current liabilities $145,000 $132,000 Long-term debt $247,000 $151,000 Total liabilities $392,000 $283,000 Common stock ($0.01 par) $4,500 $4,000 Paid-in capital $222,500 $172,100 Retained earnings $117,000 $66,810 Total stockholders' equity $344,000 $242,910 Total liabilities and equity $736,000 $525,910 > Statement of Cash Flows 2020 < < < < tA $ >