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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

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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 preceding the number eg.-45 or parentheses 0.8(45)) 2020 Sales $1,242,000 Cost of goods sold $686,000 $556,000 $156,000 . Gross profit Gen'l & admin expense Selling & mkt expense Depreciation Operating income $134,000 $25,000 $241,000 Interest $141,000 Income before taxes $100,000 Income taxes (27%) $27,000 Net income $73,000 Dividends paid $25,000 Assets 2020 2019 Cash $24,000 $10,200 Accounts receivable $125,000 $113,000 Inventory $201,000 $219,000 Total current assets $350,000 $342,200 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 $529,200 Liabilities Liabilities Accounts payable $116,000 $101,000 Notes payable $28,000 $28,000 Total current liabilities $144,000 $129,000 Long-term debt $247,000 $153,000 Total liabilities $391,000 $282,000 Common stock ($0.01 par) $4,500 $4,000 Paid-in capital $223,500 $173,200 Retained earnings $118,000 $70,000 Total stockholders' equity $346,000 $247,200 Total liabilities and equity $737,000 $529,200 Statement of Cash Flows 2020 Operating Activities Net Income/Loss Cash from Operations Investing Activities >

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