Axtel Company has the following financial statements

In addition, Axtel retired stock for $1,000,000 and paid a dividend of $1,727,000. Depreciation for the year was $1,166,000. Construct a statement of cash flows for Axtel for20X1.)

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Axtel Company Balance Sheet For the period ended 12/31/1 Axtel Company Income Statement For the period ended 12/31/x1 Sales COGS $36,227 19,925 ASSETS 12/31/X0 12 31 X1 Cash Accounts receivable Inventory CURRENT ASSETS Fixed assets 10,868 S 5,434 713 S 4,721 1,605 Accumulated deprec. 12,147) (13,313) Net income 3,116 3,514 2,875 Gross margin $16,302 6,742 5,583 Expense 2,573 3,220 EBIT $12,829 11,678 Interest EBT Gross $22,478 $24,360 Tax Net Total assets 10,331 $11,047 $23,160 $22,725 LIABILITIES Accounts payable Accruals CURRENT LIABILITIES Long-term debt Equity TOTAL CAPITAL TOTAL LIABILITIES AND EQUITY S1,556 1,702 408 2,110 $ 7,112 6,002 14,224 14,613 $21,336 $20,615 268 1,824 23,160 $22,725