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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 eg. -45 or parentheses e.s. (45).) 2020 Sales $1,243,000 Cost of goods sold $687,000 Gross profit $556,000 Gen'l & admin expense $156,000 Selling & mkt expense $134,000 Depreciation $25,000 Operating income $241,000 Interest $142,000 Income before taxes $99,000 Income taxes (27%) $26,730 Net income $72,270 Dividends paid $25,000
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