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 e.g. -45 or parentheses e.g. (45).) 2020 Sales $1,238,000 Cost of goods sold $687,000 Gross profit $551,000 Gen'l & admin expense $155,000 Selling & mkt expense $135,000 Depreciation $25,000 Operating income $236,000 Interest $140,000 Income before taxes $96,000 Income taxes (27%) $25,920 Net income $70,080 Dividends paid $25,000 Assets Cash 2020 2019 $24,000 $13,120 Accounts receivable $125,000 $115,000 Inventory $201,000 $219,000 Total current assets $350,000 $347,120 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 $737,000 $534,120 Liabilities Accounts payable $117,000 $104,000 Notes payable $27,000 $27,000 Total current liabilities $144,000 $131,000 Long-term debt $244,000 $150,000 Total liabilities $388,000 $281,000 Common stock ($0.01 par) $4,500 $4,000 Paid-in capital $225,500 $175,200 Retained earnings $119,000 $73,920 Total stockholders' equity $349,000 $253,120 Total liabilities and equity $737,000 $534,120 Statement of Cash Flows 2020 > > > > > > >