Table 29.15 shows Dynamic Mattresss year-end 2007 balance sheet, and Table 29.16 shows its income statement for

Table 29.15 shows Dynamic Mattress’s year-end 2007 balance sheet, and Table 29.16 shows its income statement for 2008. Work out the statement of cash flows for 2008. Group these items into sources of cash and uses ofcash.

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TABLE 29.15 Current Assets: Current Liabilities: Cash Marketable securities Accounts receivable Inventory S 20 10 110 100 240 20 75 95 Bank loans Accounts payable Total current liabilities Total current assets Long-term debt 25 Net worth (equity and retained earnings) 300 Fixed assets: Gross investment Less depreciation Net fixed assets 250 70 Total assets 420 Total liabilities and net worth TABLE 29.16 S1,500 1,405 95 10 85 Operating costs Depreciation Interest Pretax income Tax at 50% Net income 80 40