XYZ Company

Balance sheets for the years ended $2021$ & $2022$

$2022$

$2021$

Assets

Cash & Marketable

$900800$

Securities

Accounts receivable

$350$

$400$

Inventories

$650$

$300$

Gross fixed assets

$1200$

$1000$

less: Accumulated

$600500$

depreciation

Net fixed assets

$600500$

Total Assets

$2500$

$2000$

Liabilities

Account payable

$150100$

Notes payable

$100200$

$250100$

$700500$

Accruals

Long$-$term debt

stockholder's equity

Common stock at par

Paid in capital in excess of par

Retained earnings

Total liabilities & Equity

Based on the provided balance sheet, please fill in the blanks with the right answer to construct the operating part of the cash flow statement, given that the company's earnings before tax are $$1190$ and the tax rate is $10\%.$

$-$ Make sure to use a minus sign $(\text{'}-\text{'})$ to indicate outflows or negative amounts

Net Income