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).)

		2017
Sales		$1,236,000
Cost of goods sold		$685,000
Gross profit		$551,000
Gen'l & admin expense		$157,000
Selling & mkt expense		$134,000
Depreciation		$24,000
Operating income		$236,000
Interest		$140,000
Income before taxes		$96,000
Income taxes (27%)		$25,920
Net income		$70,080
Dividends paid		$25,000

Assets		2017		2016
Cash		$23,000		$16,420
Accounts receivable		$125,000		$112,000
Inventory		$202,000		$219,000
Total current assets		$350,000		$347,420
Gross plant and equipment		$700,000		$475,000
Less: accum. depreciation		$313,000		$289,000
Net plant and equipment		$387,000		$186,000
Total assets		$737,000		$533,420
Liabilities
Accounts payable		$118,000		$105,000
Notes payable		$28,000		$28,000
Total current liabilities		$146,000		$133,000
Long-term debt		$247,000		$152,000
Total liabilities		$393,000		$285,000
Common stock ($0.01 par)		$4,500		$4,000
Paid-in capital		$220,500		$170,500
Retained earnings		$119,000		$73,920
Total stockholders' equity		$344,000		$248,420
Total liabilities and equity		$737,000		$533,420

Please provide a Statement of Cash Flows 2017

14 entries