M$2|$ Homework: Cash Flow Exercise Fill in the missing information in the table below using the information provided.$$ Use the table from the lecture and your notes from Chapter $3$ as a guide.$$ If you don$$t see a line item in the table, assume these accounts don$$t exist.$$ Be sure to indicate whether each item is positive $($increase in cash$)$ or negative $($decrease in cash$).$ Calculate the answers noted by the question marks. When you have finished the calculations in the table, click "Begin" to enter your answers. $$ To indicate that a number is negative, please put it in parentheses as appropriate. Please also use dollar signs and commas in your answers. $$ Cash Flow Exercise$12/31/23$ Balance$12/31/24$ BalanceIncome StatementCash Impact Subtotal Net SalesXX$2,117,0002,117,000$Accounts Rec$218,000255,000$X$(37,000)$CASH FROM SALESXXXX?$1$Cost of Goods SoldXX$1,312,000(1,312,000)$Inventory$176,000142,000$X$?2$Accounts Payable$203,000262,000$X$?3$CASH PRODUCTION COSTSXXXX?$4$SG&A ExpensesXX$444,000(444,000)$Prepaid Expenses$49,00068,000$X$?5$CASH OPERATING EXPENSESXXXX?$6$CASH AFTER OPERATIONS $($ALSO NET CASH AFTER OPS$)$XXXX$?7$Interest ExpenseXX$83,000(83,000)$Dividends PaidXX$150,000(150,000)$FINANCING COSTSXXXX$233,000$NET CASH INCOMEXXXX?$8$Long$-$Term Debt PaymentsXXX$(91,000)$CASH AFTER DEBT AMORTXXXX$74,000$Gross Fixed Assets$1,840,0001,900,000$X$?9$FINANCING SURPLUS $($REQ$)$XXXX$?10$Cash$111,000125,000$XX