Use the following income statement and balance sheet information to put together a statement of cash flows.

		2017
Sales		$1,244,000
Cost of goods sold		$687,000
Gross profit		$557,000
Gen'l & admin expense		$158,000
Selling & mkt expense		$135,000
Depreciation		$25,000
Operating income		$239,000
Interest		$142,000
Income before taxes		$97,000
Income taxes (27%)		$26,190
Net income		$70,810
Dividends paid		$25,000

Assets		2017		2016
Cash		$25,000		$11,590
Accounts receivable		$125,000		$115,000
Inventory		$200,000		$219,000
Total current assets		$350,000		$345,590
Gross plant and equipment		$700,000		$475,000
Less: accum. depreciation		$313,000		$288,000
Net plant and equipment		$387,000		$187,000
Total assets		$737,000		$532,590
Liabilities
Accounts payable		$118,000		$105,000
Notes payable		$28,000		$28,000
Total current liabilities		$146,000		$133,000
Long-term debt		$248,000		$153,000
Total liabilities		$394,000		$286,000
Common stock ($0.01 par)		$4,500		$4,000
Paid-in capital		$222,500		$172,400
Retained earnings		$116,000		$70,190
Total stockholders' equity		$343,000		$246,590
Total liabilities and equity		$737,000		$532,590

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Statement of Cash Flows 2017
Financing ActivitiesCash from OperationsInvesting ActivitiesCash from InvestmentOperating ActivitiesCash from FinancingNet Change in Cash
Sale of Fixed AssetsDecrease in Accounts PayablePurchase of Fixed AssetsIssuance of Common StockIncrease in Accounts ReceivableDecrease in Accounts ReceivableIssuance of Long-term debtDividends PaidDecrease in InventoriesDepreciationNet Income/LossIncrease in InventoriesIncrease in Accounts Payable		$
DepreciationDecrease in Accounts ReceivableDecrease in InventoriesIncrease in Accounts PayableIncrease in Accounts ReceivableSale of Fixed AssetsDecrease in Accounts PayableIncrease in InventoriesPurchase of Fixed AssetsDividends PaidIssuance of Common StockIssuance of Long-term debtNet Income/Loss
Net Income/LossDecrease in Accounts ReceivablePurchase of Fixed AssetsIncrease in Accounts ReceivableIncrease in InventoriesDecrease in InventoriesIncrease in Accounts PayableIssuance of Long-term debtSale of Fixed AssetsDecrease in Accounts PayableDividends PaidIssuance of Common StockDepreciation
Increase in InventoriesDividends PaidDecrease in Accounts ReceivableDecrease in InventoriesDepreciationIncrease in Accounts PayablePurchase of Fixed AssetsDecrease in Accounts PayableSale of Fixed AssetsIssuance of Common StockIssuance of Long-term debtNet Income/LossIncrease in Accounts Receivable
DepreciationPurchase of Fixed AssetsIssuance of Long-term debtIncrease in Accounts ReceivableDecrease in InventoriesDecrease in Accounts ReceivableNet Income/LossSale of Fixed AssetsIncrease in InventoriesIncrease in Accounts PayableDecrease in Accounts PayableDividends PaidIssuance of Common Stock
Financing ActivitiesCash from InvestmentCash from FinancingNet Change in CashInvesting ActivitiesOperating ActivitiesCash from Operations
Investing ActivitiesCash from InvestmentFinancing ActivitiesCash from FinancingNet Change in CashCash from OperationsOperating Activities
Sale of Fixed AssetsIncrease in Accounts ReceivablePurchase of Fixed AssetsIncrease in Accounts PayableDecrease in Accounts PayableDividends PaidIssuance of Long-term debtDepreciationIssuance of Common StockNet Income/LossDecrease in Accounts ReceivableDecrease in InventoriesIncrease in Inventories
Cash from OperationsInvesting ActivitiesCash from InvestmentFinancing ActivitiesNet Change in CashCash from FinancingOperating Activities
Investing ActivitiesCash from InvestmentOperating ActivitiesCash from OperationsFinancing ActivitiesCash from FinancingNet Change in Cash
Decrease in Accounts PayableIssuance of Common StockIncrease in Accounts ReceivableNet Income/LossIncrease in InventoriesDividends PaidIncrease in Accounts PayableDecrease in Accounts ReceivablePurchase of Fixed AssetsSale of Fixed AssetsDecrease in InventoriesIssuance of Long-term debtDepreciation
Dividends PaidSale of Fixed AssetsDecrease in Accounts ReceivablePurchase of Fixed AssetsDecrease in InventoriesIncrease in InventoriesNet Income/LossIssuance of Common StockDepreciationIssuance of Long-term debtIncrease in Accounts PayableIncrease in Accounts ReceivableDecrease in Accounts Payable
Decrease in Accounts PayableDepreciationIssuance of Long-term debtNet Income/LossIncrease in Accounts ReceivableDecrease in InventoriesPurchase of Fixed AssetsSale of Fixed AssetsDividends PaidIssuance of Common StockDecrease in Accounts ReceivableIncrease in InventoriesIncrease in Accounts Payable
Investing ActivitiesCash from InvestmentFinancing ActivitiesNet Change in CashCash from FinancingOperating ActivitiesCash from Operations
Investing ActivitiesNet Change in CashCash from FinancingCash from OperationsCash from InvestmentFinancing ActivitiesOperating Activities

Statement of Cash Flows 2017 Cash from Operations >