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Using the information below, what should be a part of the statement of cash flows? BBCC Income Statement for 2018 and 2019 (thousand dollars) 2018

Using the information below, what should be a part of the statement of cash flows?

BBCC Income Statement for 2018 and 2019 (thousand dollars)

2018

2019

Sales

$40,909

$45,000

Cost of Goods Sold

$20,909

$23,000

Gross Profit

$20,000

$22,000

Selling and Administrative Expenses

$11,818

$13,000

Depreciation Expense

$2,000

$3,000

Operating Income (EBIT)

$6,182

$6,000

Interest Expense

$400

$412

Earnings before Taxes (EBT)

$5,782

$5,588

Income Taxes (@ 40%)

$2,313

$2,235

Net Income (NI)

$3,469

$3,353

Dividends Paid (@ 21.86%)

$758

$733

BBCC Balance Sheet as of End of 2018 and 2019 (thousand dollars)

2018

2019

Assets:

Cash

$2,000

$1,800

Accounts Receivable (net)

$6,000

$7,600

Inventory

$5,000

$5,220

Plant and Equipment (gross)

$26,000

$31,000

Less: Accumulated Depreciation

$10,000

$13,000

Plant and Equipment (net)

$16,000

$18,000

Land

$1,000

$1,000

Liabilities:

Accounts Payable

$2,000

$2,600

Notes Payable

$3,000

$3,300

Accrued Expenses

$3,000

$3,100

Bonds Payable

$4,000

$4,000

Stockholders Equity:

Common Stock

$4,000

$4,000

Retained Earnings

$14,000

$16,620

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