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Use the following income statement and balance sheet information to put together a statement of cash flows. (Enter negative amounts using either a negative
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 $1,236,000 Cost of goods sold $685,000 Gross profit $551,000 Gen'l & admin expense $156,000 Selling & mkt expense $134,000 Depreciation $24,000 Operating income $237,000 Interest $142,000 Income before taxes $95,000 Income taxes (27%) $25,650 Net income $69,350 Dividends paid $25,000 Assets 2020 2019
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