Use the following information to answer problems 1 through 3.

1. For the following income statement and balance sheet, fill in the missing information for the calendar year ending December 31.

				1-Jan		31-Dec
Cash				31,000		60,000
Other Current Assets				469,000		590,000
Total Current Assets				500,000		650,000
Total Fixed Assets (Net)				250,000
Total Assets				750,000
Total Current Liabilities				300,000		280,000
Total Long Term Liabilities				100,000
Total Liabilities				400,000		430,000
CS & Capital in excess of par				200,000		200,000
Retained Earnings				150,000
Total Stockholders Equity				350,000
Total Liabilities & Equity				750,000

Sales
COGS				600,000
Gross Profit
Administrative Expenses				120,000
Depreciation				50,000
EBIT
Interest Expense				50,000
EBT
Taxes		25%		45,000
Net Income
Dividends				65,000

2. Prepare a cash flow reconciliation statement.

3. Prepare a cash flow statement based on the above information.