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7.) Using the information in the Financial Statements, prepare a cash flow statement beginning with Net Income and identifying all items that affect cash flow to calculate the net change in cash. Source + or Financial Statement Item Use - Amount Net Income Change in Cash in thousands Uuuuuge Baking Co. Balance Sheet F.Y.E. 12/31/18 & 17 Uuuuuge Baking Co. Income Statement Year Ending 12/31/2018 FYE FYE 2017 2018 Assets: Current Assets Cash Accounts Receivable Inventory Total Current Assets FYE 2018 $2,625 $2,000 $200 $250 $355 $215 $210 $330 $755 Sales Cost of Goods Sold Depreciation Genl. & Admin Exp EBIT $50 $250 $300 $600 Interest Expense Taxable income $60 $295 Fixed Assets Plant and Equipment Less: Accumulated De Net Plant and Equip Total Assets Income Tax Exp. $625 -$220 $405 $1,160 $500 -$200 $300 $900 $60 Net Income $235) Liabilities Current Liabilities Accounts Payable Total Current Liabili Less Dividends Paid Additions to R.E. $35 $200 $450 $450 $400 $400 Long Term Debt Total Liabilities $65 $5151 $80 $480 Owners Equity Common Stock Retained Earnings Total Owners Equit Total Liabilities $185 $460 $645 $1.160 $160 $260 $4201 $900