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).)

		2017
Sales		$1,241,000
Cost of goods sold		$686,000
Gross profit		$555,000
Gen'l & admin expense		$156,000
Selling & mkt expense		$135,000
Depreciation		$24,000
Operating income		$240,000
Interest		$142,000
Income before taxes		$98,000
Income taxes (27%)		$26,460
Net income		$71,540
Dividends paid		$25,000

Assets		2017		2016
Cash		$24,000		$10,560
Accounts receivable		$124,000		$112,000
Inventory		$202,000		$220,000
Total current assets		$350,000		$342,560
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		$737,000		$528,560
Liabilities
Accounts payable		$118,000		$103,000
Notes payable		$27,000		$27,000
Total current liabilities		$145,000		$130,000
Long-term debt		$248,000		$152,000
Total liabilities		$393,000		$282,000
Common stock ($0.01 par)		$4,500		$4,000
Paid-in capital		$223,500		$173,100
Retained earnings		$116,000		$69,460
Total stockholders' equity		$344,000		$246,560
Total liabilities and equity		$737,000		$528,560

2017 Sales Cost of goods sold Gross profit Gen'l & admin expense Selling & mkt expense Depreciation Operating income Interest Income before taxes Income taxes (27%) Net income Dividends paid $1,241,000 $686,000 $555,000 $156,000 $135,000 $24,000 $240,000 $142,000 $98,000 $26,460 $71,540 $25,000 Assets 2017 Cash $24,000 $124,000 $202,000 $350,000 $700,000 $313,000 $387,000 $737,000 2016 $10,560 $112,000 $220,000 $342,560 $475,000 $289,000 $186,000 $528,560 Accounts receivable Inventory Total current assets Gross plant and equipment Less: accum. depreciation Net plant and equipment Total assets Liabilities Accounts payable Notes payable Total current liabilities Long-term debt Total liabilities Common stock ($0.01 par) Paid-in capital Retained earnings Total stockholders' equity Total liabilities and equity $118,000 $27,000 $145,000 $248,000 $393,000 $4,500 $223,500 $116,000 $344,000 $737,000 $103,000 $27,000 $130,000 $152,000 $282,000 $4,000 $173,100 $69,460 $246,560 $528,560 Statement of Cash Flows 2017