Using the following data: 2000 1999 Cash $4,000 $14,000 Accounts receivable 25,000 32,500 Prepaid insurance 5,000 T 7,000 Inventory 37,000 34,000 Fixed assets 316,000 270,000 Accumulated Depreciation (45,000) (30,000) Total assets 342,000 327,500 Accounts payable $18,000 $16,000 Wages payable 4,000 7,000 Note payable 173,000 160,000 Capital stock 88,000 84,000 60,500 59,000 Retained earnings 327,500 342,000 Total Liabilities & Equity 2000 Sales $200,000 Cost of goods sold (123,000) Sales $200,000 Cost of goods sold (123,000) Depreciation expense (15,000) Insurance expense (11,000) Wage Expense (50,000) Net Income 1,000 During the year 2000 declared and paid dividends of $2,500, during 2000, ABC paid $46,000 in cash to acquire new fixed assets. The accounts payable was used only for inventory. No debt was retired during 2000. Required: I Construct a statement of cash flows. (4 marks)