Question: 31 . The table below contains data on Fincorp Inc . The balance sheet items correspond to values at year -end 2015 and 2016 ,

 31 . The table below contains data on Fincorp Inc .

The balance sheet items correspond to values at year -end 2015 and

31 . The table below contains data on Fincorp Inc . The balance sheet items correspond to values at year -end 2015 and 2016 , while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016 . All values are in thousands of dollars . 2015 2016 Revenue 4, 000 4. 100 Cost of goods sold 1 , 600 1 , 700 Depreciation 500 520 Inventories 300 350 Administrative expenses 500 550 Interest expense 150 150 Federal and state taxes* 400 420 Accounts payable* 300 350 Accounts receivable* 400 450 Net fixed assets* 5, 000 5 , 800 Long - term debt 2,000 2, 400 Notes payable* 1 , 000 600 Dividends paid 410 410 Cash and marketable securities 800 300 * Taxes are paid in their entirety in the year that the tax obligation is incurred . ' Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed . Construct a statement of cash flows for Fincorp for 2016

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