Prepare a statement of cash flows for the New Zealand Dairy Company for the year ended January 31, 2018. Interpret your results.

New Zealand Dairy Company Balance Sheet for 01/31/2017 and 01/31/2018

Additional Information 

1. The only entry in the accumulated depreciation account is for 2018 depreciation.

2. The firm paid NZ$20,000 in common stock dividends during 2018.

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Cash 2017 2018 NZ$89.000 NZ$61,000 Accounts receivable 65,000 70,000 Inventory Prepaid expenses Total current assets 115,000 100,000 15,000 10,000 284,000 283,000 Gross plant and equipment 240.000 320,000 Accumulated depreciation (42,000) (70,000) Total assets NZ$482,000 NZ$533,000 Accounts payable NZ$87,000 $90,000 Accrued liabilities 70,000 63.000 Total current debt 157,000 157,000 Mortgage payable 75,000