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		$685,000
Gross profit		$556,000
Gen'l & admin expense		$156,000
Selling & mkt expense		$134,000
Depreciation		$24,000
Operating income		$242,000
Interest		$141,000
Income before taxes		$101,000
Income taxes (27%)		$27,270
Net income		$73,730
Dividends paid		$25,000

Assets		2017		2016
Cash		$24,000		$6,670
Accounts receivable		$124,000		$114,000
Inventory		$201,000		$220,000
Total current assets		$349,000		$340,670
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		$736,000		$526,670
Liabilities
Accounts payable		$119,000		$105,000
Notes payable		$28,000		$28,000
Total current liabilities		$147,000		$133,000
Long-term debt		$244,000		$148,000
Total liabilities		$391,000		$281,000
Common stock ($0.01 par)		$4,500		$4,000
Paid-in capital		$225,500		$175,400
Retained earnings		$115,000		$66,270
Total stockholders' equity		$345,000		$245,670
Total liabilities and equity		$736,000		$526,670

Statement of Cash Flows 2017