Find Your Way Back, Inc., reported the following financial statements for the last two years. Construct the cash flow identity for the company. Explain what each number means.

2008 Income Statement

Sales .........................................................$706,500

Cost of goods sold ................................... 342,531

Selling & administrative .......................... 155,916

Depreciation .............................................. 68,220

EB1T ....................................................... $139,633

Interest ....................................................... 24,120

EBT ......................................................... $115,713

Taxes .......................................................... 40,499

Net income ............................................. $ 75,214

Dividends ................................................ $ 12,000

Addition to retained earnings ............... $63,214

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FIND YOUR WAY BACK, INCO, ta . Balance Sheetas of December 31 2007 $ 16,650 Cash Accounts receivable Inventory Current assets Net lixed assets Accounts payable Notes payable Current liablities Long-term debt Owners' equity $11,e80 18.135 3 30,015 $ 171.000 287, 152 23,742 S 57,634 $ 430,533 Total Babilities and owners equity Total assets 488,167 S 488,167 FIND YOUR WAY BACK, INC Balance Sheet as of December 31,2008 Cash Accounts receivable nventory Current assets Net fixed assets $ 17,88 26,374 28,443 $ 72.700 $507,886 Accounts payable Notes payable Current Eabilities Long-term debt Owners equity $13,140 20,583 $ 33,723 190,000 358,865 Total liabilities and owners equity Totai assets 580,588 S 580,588