7.) Using the information in the Financial Statements, prepare a cash flow statement beginning with Net Income and identifying all items that affect cash flow to calculate the net change in cash. Source Financial Statement Item Net Income + or Use - Amount Change in Cash Does your answer above agree with the actual change in the firm's cash? 5 in thousands Uuuuuge Baking Co. Balance Sheet F.Y.E. 12/31/18 & 17 Uuuuuge Baking Co. Income Statement Year Ending 12/31/2018 FYE FYE FYE Assets: 2018 2017 Current Assets Cash Accounts Receivable Inventory Total Current Assets $215 2018 $2,625 $2,000 $200 $250 $355 Sales Cost of Goods Sold Depreciation Genl. & Admin Exp EBIT $50 $250 $300 $600 $210 $330 $755 Interest Expense Taxable income $60 $295 Fixed Assets Plant and Equipment Less: Accumulated De Net Plant and Equip Total Assets Income Tax Exp. $60 $625 -$220 $405 $1.160 $500 -$2001 $300 $900 Net Income $235 Less Dividends Paid Additions to R.E. $35 $200 Liabilities Current Liabilities Accounts Payable Total Current Liabili $450 $450 $400 $400 Long Term Debt Total Liabilities $65 $515 $80 $480 Owners Equity Common Stock Retained Earnings Total Owners Equit Total Liabilities $185 $460 $160 $260 $420 $900 $645 $1,160