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		$ 1,237,000
Cost of goods sold		$ 686,000
Gross profit		$ 551,000
Gen'l & admin expense		$ 154,000
Selling & mkt expense		$ 135,000
Depreciation		$ 24,000
Operating income		$ 238,000
Interest		$ 140,000
Income before taxes		$ 98,000
Income taxes (27%)		$ 26,460
Net income		$ 71,540
Dividends paid		$ 25,000

Assets		2020		2019
Cash		$ 24,000		$ 10,560
Accounts receivable		$ 124,000		$ 114,000
Inventory		$ 200,000		$ 217,000
Total current assets		$ 348,000		$ 341,560
Gross plant and equipment		$ 700,000		$ 475,000
Less: accum. depreciation		$ 313,000		$ 289,000
Net plant and equipment		$ 387,000		$ 186,000
Total assets		$ 735,000		$ 527,560
Liabilities
Accounts payable		$ 117,000		$ 102,000
Notes payable		$ 26,000		$ 26,000
Total current liabilities		$ 143,000		$ 128,000
Long-term debt		$ 248,000		$ 153,000
Total liabilities		$ 391,000		$ 281,000
Common stock ($ 0.01 par)		$ 4,500		$ 4,000
Paid-in capital		$ 224,500		$ 174,100
Retained earnings		$ 115,000		$ 68,460
Total stockholders' equity		$ 344,000		$ 246,560
Total liabilities and equity		$ 735,000		$ 527,560

Statement of Cash Flows 2020
Investing ActivitiesCash from OperationsCash from InvestmentNet Change in CashOperating ActivitiesCash from FinancingFinancing Activities
Increase in Accounts PayableDividends PaidDecrease in Accounts ReceivableNet Income/LossIncrease in Accounts ReceivableDepreciationIncrease in InventoriesDecrease in Accounts PayableDecrease in InventoriesSale of Fixed AssetsIssuance of Common StockIssuance of Long-term debtPurchase of Fixed Assets		$
Issuance of Long-term debtIncrease in Accounts PayablePurchase of Fixed AssetsDecrease in InventoriesIncrease in Accounts ReceivableIncrease in InventoriesNet Income/LossDecrease in Accounts ReceivableDividends PaidIssuance of Common StockDecrease in Accounts PayableDepreciationSale of Fixed Assets
Issuance of Common StockSale of Fixed AssetsIssuance of Long-term debtPurchase of Fixed AssetsDecrease in InventoriesIncrease in InventoriesDividends PaidDecrease in Accounts ReceivableIncrease in Accounts PayableDecrease in Accounts PayableIncrease in Accounts ReceivableDepreciationNet Income/Loss
Dividends PaidIncrease in Accounts ReceivableDecrease in InventoriesNet Income/LossIncrease in Accounts PayableIssuance of Long-term debtIssuance of Common StockDecrease in Accounts PayableSale of Fixed AssetsDecrease in Accounts ReceivableIncrease in InventoriesDepreciationPurchase of Fixed Assets
Purchase of Fixed AssetsNet Income/LossDecrease in Accounts PayableIssuance of Long-term debtDecrease in Accounts ReceivableIncrease in InventoriesDividends PaidIssuance of Common StockDecrease in InventoriesIncrease in Accounts PayableSale of Fixed AssetsDepreciationIncrease in Accounts Receivable
Cash from OperationsInvesting ActivitiesOperating ActivitiesCash from InvestmentNet Change in CashFinancing ActivitiesCash from Financing
Cash from OperationsCash from InvestmentCash from FinancingNet Change in CashInvesting ActivitiesFinancing ActivitiesOperating Activities
Decrease in InventoriesDividends PaidNet Income/LossIssuance of Long-term debtDepreciationIssuance of Common StockSale of Fixed AssetsDecrease in Accounts PayableDecrease in Accounts ReceivableIncrease in InventoriesPurchase of Fixed AssetsIncrease in Accounts ReceivableIncrease in Accounts Payable
Cash from InvestmentFinancing ActivitiesCash from FinancingInvesting ActivitiesNet Change in CashCash from OperationsOperating Activities
Investing ActivitiesCash from OperationsCash from FinancingCash from InvestmentOperating ActivitiesFinancing ActivitiesNet Change in Cash
Issuance of Common StockDecrease in InventoriesNet Income/LossIssuance of Long-term debtDecrease in Accounts ReceivableIncrease in Accounts PayableDecrease in Accounts PayablePurchase of Fixed AssetsIncrease in Accounts ReceivableDividends PaidSale of Fixed AssetsIncrease in InventoriesDepreciation
Decrease in Accounts PayablePurchase of Fixed AssetsNet Income/LossIncrease in Accounts PayableIssuance of Long-term debtDividends PaidDepreciationDecrease in Accounts ReceivableIssuance of Common StockIncrease in InventoriesIncrease in Accounts ReceivableSale of Fixed AssetsDecrease in Inventories
Decrease in Accounts PayableIncrease in Accounts PayableIssuance of Common StockPurchase of Fixed AssetsSale of Fixed AssetsIncrease in Accounts ReceivableIncrease in InventoriesDepreciationIssuance of Long-term debtDecrease in Accounts ReceivableDecrease in InventoriesDividends PaidNet Income/Loss
Cash from InvestmentInvesting ActivitiesCash from OperationsFinancing ActivitiesOperating ActivitiesNet Change in CashCash from Financing
Investing ActivitiesCash from OperationsNet Change in CashOperating ActivitiesFinancing ActivitiesCash from InvestmentCash from Financing