? te Da Normal No Spacing Week 2 - Cash Flow Assignment - Background Info. Below you are given an income statement (similar to what you put together in the Week 2- Income Statement Assignment) for the Crosby Corporation for the year ending 2011. Additionally you have been given comparative balance sheets for the years 2010 and 2011. Use the information below to create a statement of cash flows for the Crosby Corporation to answer the questions at the bottom (which are the same questions you will encounter when turning in the Week 2- Cash Flow Assignment in Blackboard Please be sure to read the sections in chapter 2 on Cash Flow Statements before attempting this assignment. Crosby Corporation Income statement For the year ended December 31, 2011 Sales Cost of goods sold Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share $2,200,000 S1,300,000 $900,000 $420,000 $150,000 $330,000 $90,000 $240,000 $80,000 S160,000 $10,000 $150,000 20,000 $1.25 States)