Chapter 3 Assignment i Saved Help Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate comple 9 Problem 3-37 Income versus Cash Flows (L03) 10 points The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 2018 $ 5,600 1,800 420 250 410 220 790 280 450 4,900 3,200 1,010 320 2019 $5,700 1,900 440 285 460 220 810 325 525 5,530 4,700 740 320 390 2,475 * 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 2019. (Enter your answers in thousands of dollars. Negative amounts should be indicated by a minus sign.) Answer is not complete. $ 5,700 X 1,900 X X Fincorp Inc. Statement of Cash Flows ($ in 000s) Cash flows from operations Net income Net income Noncash expenses Additions to notes payable Additions to long-term debt Changes in working capital Cash provided by disposal of property, plant & equipment Additions to notes payable Cash provided by disposal of property, plant & equipment 0 Total change in working capital Cash provided by operations Cash flows from investments $ 7,600 0 Cash flows from financing activities 0 $ 7,600 Chapter 3 Assignment i Saved Help Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate comple 9 Problem 3-37 Income versus Cash Flows (L03) 10 points The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 2018 $ 5,600 1,800 420 250 410 220 790 280 450 4,900 3,200 1,010 320 2019 $5,700 1,900 440 285 460 220 810 325 525 5,530 4,700 740 320 390 2,475 * 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 2019. (Enter your answers in thousands of dollars. Negative amounts should be indicated by a minus sign.) Answer is not complete. $ 5,700 X 1,900 X X Fincorp Inc. Statement of Cash Flows ($ in 000s) Cash flows from operations Net income Net income Noncash expenses Additions to notes payable Additions to long-term debt Changes in working capital Cash provided by disposal of property, plant & equipment Additions to notes payable Cash provided by disposal of property, plant & equipment 0 Total change in working capital Cash provided by operations Cash flows from investments $ 7,600 0 Cash flows from financing activities 0 $ 7,600