The accountants at Toledo Department Store are preparing the pro-forma statement of cash flows for 2000 . The following information is available:

Required:
Prepare the pro-forma statement of cash flows for Toledo Department Store.

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Expected net income Dividends to be paid Equipment to be purchased. $70,000 22,000 34,000 Expected short-term borrowing 8,000 Expected long-term borrowing. 24,000 Expected depreciation expense for 2000. 15,000 Expected issuance of common stock 80,000 Expected purchase of a new plant. 71,000 Expected changes in current assets and liabilities during 2000: Increase in accounts receivable...... Increase in accounts payable. Increase in inventory Decrease in income taxes payable $ 900 1,000 1,000 1,800