Latigoe Inc. has the following financial statement for 20X8. In addition, the company paid stoc kholders dividends of $2.9 million and received $4.8 million from sale of new stock. No fixed assets were retired during the year.

Construct Latigoe’s statement of cash flow for 20X8

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Latigoe Inc. BALANCE SHEET For the period ended 12/31/XS (S000) ASSETS 12/31/X7 12/31/X8 Cash $3,245 7,943 12,408 $23,596 $2,647 5,614 13,653 $21,914 Accounts Receivable INCOME STATEMENT Inventory Current Assets Period ended 12/31/XS Sales $67,916 35,281 $32,635 $4,268 $18,004 S10,363 1,096 $9,267 3,707 $5,560 Fixed Assets COGS Gross Mrgn $72,166 Depreciation (51,308) Expense $20.858 EBIT Interest Gross S66,098 (47,040) $19,058 Accum. Depreciation Net TOTAL ASSETS $42.654 $42,772 EBT Тах Net Income LIABILITIES Accounts Payable S1,699 950 $2,649 $2,208 Accruals 754 $2,962 Current Liabilities Long-Term Debt Equity Total Capital $1,352 38,458 $39,810 $9,007 30,998 $40,005 TOTAL LIABILITIES AND EQUITY $42,772 $42,654