Prepare a statement of cash flows for Tsingtao Breweries, China, from the following scrambled list of items.

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Increase in inventories 8,000 Operating income Dividends 220,000 30,000 Increase in accounts payable 45,000 Interest expense 43,000 Increase in common stock (par) 6,000 Depreciation expense 15,000 Increase in accounts receivable 60,000 Increase in long-term debt 55,000 Increase in short-term notes payable 17,000 Increase in gross fixed assets Increase in paid in capital Income taxes Beginning cash 56,000 22,000 45,000 245,000