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		$1,240,000
Cost of goods sold		$687,000
Gross profit		$553,000
Gen'l & admin expense		$156,000
Selling & mkt expense		$134,000
Depreciation		$25,000
Operating income		$238,000
Interest		$141,000
Income before taxes		$97,000
Income taxes (27%)		$26,190
Net income		$70,810
Dividends paid		$25,000

Assets		2020		2019
Cash		$24,000		$12,390
Accounts receivable		$125,000		$112,000
Inventory		$200,000		$219,000
Total current assets		$349,000		$343,390
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		$530,390
Liabilities
Accounts payable		$118,000		$104,000
Notes payable		$26,000		$26,000
Total current liabilities		$144,000		$130,000
Long-term debt		$247,000		$152,000
Total liabilities		$391,000		$282,000
Common stock ($0.01 par)		$4,500		$4,000
Paid-in capital		$224,500		$174,200
Retained earnings		$116,000		$70,190
Total stockholders' equity		$345,000		$248,390
Total liabilities and equity		$736,000		$530,390

Statement of Cash Flows 2020 LA