$($Please show calculations$)$ Given is the Income Statement for the year ended December $31,20$XX$,$ Statement of Retained Earnings for the year ended December $31,20$XX and Comparative Balance Sheets for $20$XW and $20$XX of Maris Corporation:

Maris Corporation

Income Statement

Year Ended December $31,20$XX

Sales $$4,900,000$

Cost of goods sold $3,075,000$

Gross profits $1,825,000$

Selling and administrative expense $650,000$

Amortization expense $310,000$

Operating income $865,000$

Interest expense $54,000$

Earnings before taxes $811,000$

Taxes $410,000$

Earnings after taxes $401,000$

Preferred stock dividends $20,000$

Earnings available to common shareholders $$381,000$

Shares outstanding $152,400$

Earnings per share $$2\mathrm{.}50$

Statement of Retained Earnings

For the Year Ended December $31,20$XX

Retained earnings, balance, January $1,20$XX $$880,000$

Add: Earnings available to common shareholders, $20$XX $381,000$

Deduct: Cash dividends declared and paid in $20$XX $200,000$

Retained earnings, balance, December $31,20$XX $$1,061,000$

Comparative Balance Sheets

For $20$XX and $20$XW

December $31,20$XX December $31,20$XW

Assets

Current assets:

Cash $$120,000$ $$108,000$

Accounts receivable $($net$)460,000448,000$

Inventory $590,000561,000$

Prepaid expenses $40,00080,000$

Total current assets $1,210,0001,197,000$

Investments $($long$-$term securities$)100,000105,000$

Plant and equipment $2,400,0001,800,000$

Less: Accumulated depreciation $1,069,000759,000$

Net plant and equipment $1,331,0001,041,000$

Total assets $$2,641,000$ $$2,343,000$

Liabilities and Shareholders$$ Equity

Current liabilities:

Accounts payable $$255,000$ $$191,000$

Notes payable $500,000500,000$

Accrued expenses $45,00062,000$

Total current liabilities $800,000753,000$

Long$-$term liabilities:

Bonds payable, $20$XY $170,000100,000$

Total liabilities $970,000853,000$

Shareholders$$ equity:

Preferred stock $110,000110,000$

Common stock $500,000500,000$

Retained earnings $1,061,000880,000$

Total shareholders$$ equity $1,671,0001,490,000$

Total liabilities and shareholders$$ equity $$2,641,000$ $$2,343,000$

Prepare a statement of cash flows for the Maris Corporation. $($Amounts to be deducted should be indicated with a minus sign. Omit $ sign in your response.$)$

MARIS CORPORATION

Statement of Cash Flows

For the Year Ended December $31,20$XX

Operating Activities:

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$

Add items not requiring an outlay of cash:

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Cash flow from operations

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Net Change in non$-$cash working capital

Cash

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operating activities

Investing activities:

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Cash

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Investing activities

Financing activities:

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Cash

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financing activities

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Cash, beginning of year

Cash, end of year $Given is the Income Statement for the year ended December $31,20$XX$,$ Statement of Retained Earnings for the year ended December

$31,20$XX and Comparative Balance Sheets for $20$XW and $20$XX of Maris Corporation:Prepare a statement of cash flows for the Maris Corporation. $($Amounts to be deducted should be indicated with a minus sign. Omit

$ sign in your response.$)$

MARIS CORPORATION

Statement of Cash Flows

For the Year Ended December $31,20$xX

Operating Activities:

$($Click to select$)$

Add items not requiring an outlay of cash:

$($Click to select$)$

Cash flow from operations

Net Change in non$-$cash working capital

Cash $($Click to select$)vv$ operating activities

Investing activities:

Cash $($Click to select$)$ Investing activities

Financing activities:

Cash $($Click to select$)$ financing activities

$($Click to select$)$

Cash, beginning of year

Cash, end of year