The comparative financial statements prepared at December 3 1 . 2004. for Goldfish Company showed the following summarized data:

Required: 1. Complete the following columns for each item in the preceding comparative financial statements: 2. By what amount did working capital change? What was the amount of cash inflow from revenues for 2004?

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Income Statement 2004 2003 Sales revenue $180.000* $165.000 Cost of goods sold 110.000 100.000 Gross margin 70,000 65.000 Operating expenses and interest expense 56,000 53.000 Pretax income 14,000 12,000 Income tax 4.000 3.000 Net income $ 10.000 $ 9,000 Balance Sheet Cash $ 4.000 $ 8.000 Accounts receivable (net) 14.000 18.000 Inventory 40.000 35.000 Operational assets (net) 45.000 38.000 $103.000 $ 99.000 Current liabilities (no interest) Long-term liabilities (10% interest) Common stock (par $5) $ 16.000 $ 19.000 45.000 30.000 45.000 30.000 Retained earningst 12,000 5.000 $103.000 $ 99,000