$2.$ Prepare Scan Technologies, Inc. $2023$ Statement of Cash Flows. $($Hint: the Net Change in Cash

should equal the difference in cash from $2022$ to $2023$ on the balance sheets. Note that cash

decreased$)$Scan Technologies, Inc. Comparative Balance Sheets

$($in thousands of dollars$)$

ASSETS $20222023$

Cash $3010$

Marketable Securities $5040$

Accounts Receivable $4595$

Inventory $118175$

Gross Plant & Equipment $710830$

Accumulated Depreciation $(116)(152)$

TOTAL ASSETS: $837998$

LIABILITIES & EQUITY

Account Payable $5060$

Wages payable $1830$

Taxes Payable $2228$

Bank Loan $(10\%)57165$

Mortgage $(7\mathrm{.}5\%,20$ yr$.)7867$

Debentures $($Bonds $-12\%$ interest$)6060$

L$-$T Subordinated Debentures. $175200$

Common Stock $($$$10$ par$)187187$

Additional Paid in Capital $5050$

Retained Earnings $140151$

TOTAL LIABILITIES & EQUITY: $837998$

Scan Technologies, Inc. $2023$ Income Statement

Net Sales $1,300$

Cost of Goods Sold $-1,050$

Gross Profit Margin $250$

Total Expenses $204$

Earnings before interest & Taxes $46$

Interest $-8$

Earnings before tax $38$

Taxes $-19$

Earnings after tax $($NI$)19$