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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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