Question: Please explain how you calculate the values For the given income statement, retained earning statement, and balance sheets, calculate the sources/uses of funds and fill

Please explain how you calculate the values

Please explain how you calculate the values For the given income statement,

retained earning statement, and balance sheets, calculate the sources/uses of funds and

fill in the entries in the cash flow statement below. 2018 Income

For the given income statement, retained earning statement, and balance sheets, calculate the sources/uses of funds and fill in the entries in the cash flow statement below. 2018 Income Statement $(000). Revenue 4500 Warranty/ Bad Debt 60 Net Revenue 4440 COGS 2220 Contribution Margin 2220 SG&A (incl depreciation) 1800 Operating Income 420 Other Income 60 Net Income 480 2018 Retained Earnings Statement $(000) Retained Earnings, start of year 2100 Net Earnings for the year 480 Less: Dividend Paid 150 Retained Earnings, end of year 2430 Notes: 1. Calculate the required quantities to answer each of the blanks. 2. Express your quantities in your answer in thousands ($000). 3. Please answer all the blanks and type in "0" where you think there is no actual value. Balance Sheet $(000) End 2017 End 2018 source of funds use of funds Current Assets: Cash 150 120 Receivables 360 300 Inventory 150 270 Prepaid Expenses 30 30 690 720 Fixed Assets: Fixed Assets at Cost 6000 6900 Less Acc. Depreciation 1200 1350 4800 5550 0 o Goodwill & Intangibles Total Assets 5490 6270 Current liabilities: S.T. Credit Line 30 60 II Accounts Payable 150 120 Accrued Expenses 30 30 Cur. Por. of L.T. Debt 150 150 360 360 Long Term Liabilities: Long Term Debt 1230 1080 Shareholders Equity: Capital Shares 1800 2400 Retained Earnings 2100 2430 Tot. Liab. and Eq. 5490 6270 Sources/Uses of funds Statement of Cash Flow $(000) 2018 Operating Activities: Net Earnings for the Year Depreciation Changes in NCWC Subtotal: Investing Activities: Additions to Fixed Assets Additions to Goodwill and Intangibles Subtotal: Financing Activities: Dividends Net New Long Term Borrowings Net New Capital Shares Subtotal: Total Funds Flow Net cash on hand, start of year Net cash on hand, end of year Change in Cash Position

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