Question
Using information below, Create a Statement of Cashflow **Note: create the statement for the year of 2018 only. 2017 2018 Accounts Payable $81,000 $66,000 Accounts
Using information below, Create a Statement of Cashflow
**Note: create the statement for the year of 2018 only.
| 2017 | 2018 |
Accounts Payable | $81,000 | $66,000 |
Accounts Receivable | $110,000 | $128,000 |
Accumulated Depreciation, PP&E | $290,000 | $356,000 |
Cash and Cash Equivalents | $62,000 | $54,000 |
Common Stock | $415,000 | $425,000 |
Cost of Goods Sold | $359,000 | $368,000 |
Depreciation Expense | $62,000 | $66,000 |
Dividends | $20,000 | $25,000 |
Income Tax Expense | $18,000 | $23,000 |
Interest Expense | $44,000 | $44,000 |
Inventory | $48,000 | $55,000 |
Long-Term Notes Payable | $850,000 | $810,000 |
Patents | $678,000 | $712,000 |
PP&E | $875,000 | $925,000 |
R&D Expense | $141,000 | $135,000 |
Retained Earnings | $137,000 | $217,000 |
Revenues | $845,000 | $912,000 |
SG&A Expense | $158,000 | $171,000 |
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