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) ) If the numbers arent clear they are posted below 2020 Sales $1,238,000 Cost of goods sold $688,000 Gross profit $550,000 Gen'l admin expense $156,000 Selling mkt expense $134,000 Depreciation $25,000 Operating income $235,000 Interest $140,000 Income before taxes $95,000 Income taxes (27 ) $25,650 Net income $69,350 Dividends paid $25,000 Assets 2020 2019 Cash $25,000 $14,750 Accounts receivable $124,000 $114,000 Inventory $201,000 $217,000 Total current assets $350,000 $345,750 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 $532,750 Liabilities Accounts payable $119,000 $105,000 Notes payable $27,000 $27,000 Total current liabilities $146,000 $132,000 Long term debt $246,000 $151,000 Total liabilities $392,000 $283,000 Common stock ($0 01 par) $4,500 $4,000 Paid in capital $222,500 $172,100 Retained earnings $118,000 $73,650 Total stockholders' equity $345,000 $249,750 Total liabilities and equity $737,000 $532,750 Fill in the statement of cashflows and the corresponding amount Statement of Cash Flows 2020 $ VE Current Alboral in Progress ciclowing contact to success Enterregte type 45 ar 1450 Sale 2000 $12000 568 000 Contigos 3356200 Gerlere Slim Depen 513400 Overving $ $295 000 Iberes, LED ROS SY Icons $25 500 Neto Ds $35 000 2020 2059 51439 525 000 $120 000 S114000 520000 5217000 5915 790 Casa ACOSTO Ireny Tour Grossplantation Les un depredation Nestand out Total 5370 000 $700 000 $35 00 5475 000 525000 5387 000 $187 000 $7,000 1532 750 Tables 10 We StOS CO 5113 000 $ $27 00 interne 57700 $132 00 Total currentlisbites S145 000 14 PO 523 690 $112 000 $ SSA 249 Totalectic Titles and couly ST TO Statement of Cash Flows 2000 extbook and Medis Actoral 2

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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).) image text in transcribed

If the numbers arent clear they are posted below!:

		2020
Sales		$1,238,000
Cost of goods sold		$688,000
Gross profit		$550,000
Gen'l & admin expense		$156,000
Selling & mkt expense		$134,000
Depreciation		$25,000
Operating income		$235,000
Interest		$140,000
Income before taxes		$95,000
Income taxes (27%)		$25,650
Net income		$69,350
Dividends paid		$25,000

Assets	2020	2019
Cash	$25,000	$14,750
Accounts receivable	$124,000	$114,000
Inventory	$201,000	$217,000
Total current assets	$350,000	$345,750
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	$532,750
Liabilities
Accounts payable	$119,000	$105,000
Notes payable	$27,000	$27,000
Total current liabilities	$146,000	$132,000
Long-term debt	$246,000	$151,000
Total liabilities	$392,000	$283,000
Common stock ($0.01 par)	$4,500	$4,000
Paid-in capital	$222,500	$172,100
Retained earnings	$118,000	$73,650
Total stockholders' equity	$345,000	$249,750
Total liabilities and equity	$737,000	$532,750

Fill in the statement of cashflows and the corresponding amount:

Statement of Cash Flows 2020

		$

VE Current Alboral in Progress ciclowing contact to success Enterregte type 45 ar 1450 Sale 2000 $12000 568.000 Contigos 3356200 Gerlere Slim Depen 513400 Overving $ $295.000 Iberes, LED ROS SY Icons $25.500 Neto Ds $35.000 2020 2059 51439 525.000 $120.000 S114000 520000 5217000 5915.790 Casa ACOSTO Ireny Tour Grossplantation Les un depredation Nestand out Total 5370.000 $700.000 $35.00 5475.000 525000 5387.000 $187.000 $7,000 1532.750 Tables 10. We StOS.CO 5113.000 $ $27.00 interne 57700 $132.00 Total currentlisbites S145.000 14 PO 523.690 $112.000 $ SSA 249 Totalectic Titles and couly ST TO Statement of Cash Flows 2000 extbook and Medis Actoral 2