Question: Statement Saved Help Save Problem 3-37 Income versus Cash Flows (L03) The table below contains data on Fincorp Inc. The balance sheet items correspond to
Statement Saved Help Save Problem 3-37 Income versus Cash Flows (L03) The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 $4,400 1,500 480 290 530 210 530 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2019 $4,500 1,600 500 320 580 210 550 340 480 5,270 7,100 610 440 510 280 440 4,500 4,300 896 440 2,864 Taxes are paid in their entirety in the year that the tax obligation is incurred Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed Construct a statement of cash flows for Fincorp for 2019 (Enter your answers in thousands of dollars. Negative amounts should be indicated by a minus sign.)
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