When assisting me with this question, could you please keep it in the same format so I have an easier understanding of how this should be handled and wrote out

Prepare a Statement of Cash Flows for Holly Corp using the information given below: Part 1 Part II Holly Company Income Statement 2007 (dollars in thousands) 6,000 3,500 2,500 120 Sales Cost of Goods Sold Gross Profit Depreciation expense other operating expenses Income from Operations Gain on Sale of Equipment Net Income 2,050 330 100 430 Note: Equipment was sold for $300. Dividends of $60 were declared and paid Holly Company Comparative Balance Sheet (dollars in thousands) 2007 2006 Change Assets Cash Accts Receivable Inventory Plant & Equipment Accumulated Depreciation Total Assets 230 560 1,150 1,700 (320) 3,320 40 360 750 2,100 (400) 2,850 190 200 400 (400) do not use 100 Liabilities & Equity Accounts Payable Long Term Debt Common Stock Retained Earnings Total Liability & Equity 550 100 800 1,870 450 100 800 1,500 do not use 3,320 2,850 Holly Company Statement of Cash Flows 2007 (dollars in thousands) 430 120 (100) Cash Flows from Operating Activities Net Income Addback Depreciation Expense Less "Gain on Sale" of Equip change in A/R change in Inventory change in AVP Total Cash Flows from Operating Activities (200) (400) 100 (50) 300 Cash Flows from Investing Activities Cash received from sale of LT Assets Cash used for purchase of UT Assets Total Cash Flows from Investing Activities 300 Cash Flows from Financing Activities Cash received from issuing UIT Debt Cash used to retire UIT Debt Cash received from sale of stock Cash used to purchase Treasury Stock Cash used to pay dividends Total Cash Flows from Financing Activities (60) (60) Change in Cash during 2xxx 190 40 Add: Beginning cash balance Ending cash balance 230