Current Attempt in Progress Use the following income statement and balance sheet information to put together a statement of cash flows. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 2020 Sales $1,236,000 Cost of goods sold $687,000 Gross profit $549,000 Gen'l & admin expense $157,000 Selling & mkt expense $134,000 Depreciation $25,000 Operating income $233,000 Interest $140,000 Income before taxes $93,000 Income taxes (27%) $25,110 Net income $67,890 Dividends paid $25,000 Assets 2020 2019 Cash $25,000 $15,410 Accounts receivable $123,000 $113,000 Inventory $201,000 $218,000 Total current assets $349,000 $346,410 Gross plant and equipment $700,000 $475,000 Less: accum. depreciation Net plant and equipment $313,000 $288,000 $387,000 $187,000 Total assets $736,000 $533,410 Liabilities Accounts payable $117,000 $102,000 Notes payable $28,000 $28,000 Total current liabilities $145,000 $130,000 Long-term debt $247,000 $153,000 Total liabilities $392,000 $283,000 Common stock ($0.01 par) $4,500 $4,000 Paid-in capital $224,500 $174,300 Retained earnings $115,000 $72,110 Total stockholders' equity $344,000 $250,410 Total liabilities and equity $736,000 $533,410 Statement of Cash Flows 2020 > >