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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 sign

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).)

Here are the photos of the question the blank Balance sheet is what must be completed. image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Question 7 of 15 - / 1.5 INT 2020 Sales $1,242,000 Cost of goods sold $688,000 Gross profit $554,000 Gen'l & admin expense $157,000 Selling & mkt expense $134,000 Depreciation $25,000 Operating income $238,000 Interest $140,000 Income before taxes $98,000 Income taxes (27%) $26,460 Net income $71,540 Question 7 of 15 - / 1.5 III Dividends paid $25,000 Assets 2020 2019 Cash $23,000 $5,760 Accounts receivable $ 124,000 $114,000 Inventory $200,000 $220,000 Total current assets $347,000 $339,760 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 $734,000 $526,760 Liabilities Liabilities Accounts payable $119,000 $104,000 Notes payable $27,000 $27,000 Total current liabilities $146,000 $131,000 Long-term debt $246,000 $151,000 Total liabilities $392,000 $282,000 Common stock ($0.01 par) $4,500 $4,000 Paid-in capital $219,500 $169,300 Retained earnings $118,000 $71,460 Total stockholders' equity $342,000 $244,760 Total liabilities and equity $734,000 $526,760 Question 7 of 15 - / 1.5 MIT e Textbook and Media Statement of Cash Flows 2020 Net Income/Loss $ >

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