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Use the following income statement and balance sheet information to put together a statement of cash flows. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

		2017
Sales		$1,244,000
Cost of goods sold		$685,000
Gross profit		$559,000
Gen'l & admin expense		$157,000
Selling & mkt expense		$135,000
Depreciation		$25,000
Operating income		$242,000
Interest		$141,000
Income before taxes		$101,000
Income taxes (27%)		$27,270
Net income		$73,730
Dividends paid		$25,000

Assets		2017		2016
Cash		$24,000		$7,570
Accounts receivable		$123,000		$113,000
Inventory		$201,000		$218,000
Total current assets		$348,000		$338,570
Gross plant and equipment		$700,000		$475,000
Less: accum. depreciation		$313,000		$288,000
Net plant and equipment		$387,000		$187,000
Total assets		$735,000		$525,570
Liabilities
Accounts payable		$117,000		$102,000
Notes payable		$26,000		$26,000
Total current liabilities		$143,000		$128,000
Long-term debt		$248,000		$153,000
Total liabilities		$391,000		$281,000
Common stock ($0.01 par)		$4,500		$4,000
Paid-in capital		$222,500		$172,300
Retained earnings		$117,000		$68,270
Total stockholders' equity		$344,000		$244,570
Total liabilities and equity		$735,000		$525,570

Statement of Cash Flows 2017
Cash from InvestmentNet Change in CashOperating ActivitiesCash from OperationsInvesting ActivitiesFinancing ActivitiesCash from Financing
Decrease in InventoriesDecrease in Accounts PayablePurchase of Fixed AssetsIssuance of Common StockIssuance of Long-term debtIncrease in InventoriesNet Income/LossDividends PaidIncrease in Accounts ReceivableDepreciationSale of Fixed AssetsDecrease in Accounts ReceivableIncrease in Accounts Payable		$
DepreciationIncrease in Accounts ReceivableDecrease in Accounts ReceivableSale of Fixed AssetsIssuance of Common StockDecrease in InventoriesIssuance of Long-term debtIncrease in InventoriesIncrease in Accounts PayableNet Income/LossDecrease in Accounts PayablePurchase of Fixed AssetsDividends Paid
Increase in Accounts ReceivableDividends PaidPurchase of Fixed AssetsIssuance of Common StockSale of Fixed AssetsIncrease in Accounts PayableDecrease in Accounts PayableDecrease in Accounts ReceivableDepreciationIssuance of Long-term debtDecrease in InventoriesIncrease in InventoriesNet Income/Loss
Decrease in InventoriesDividends PaidDecrease in Accounts ReceivableNet Income/LossIncrease in Accounts ReceivableDecrease in Accounts PayableIssuance of Long-term debtDepreciationIncrease in InventoriesPurchase of Fixed AssetsIncrease in Accounts PayableSale of Fixed AssetsIssuance of Common Stock
Purchase of Fixed AssetsIncrease in Accounts PayableDepreciationDecrease in InventoriesDividends PaidIssuance of Long-term debtNet Income/LossSale of Fixed AssetsIncrease in Accounts ReceivableIssuance of Common StockIncrease in InventoriesDecrease in Accounts PayableDecrease in Accounts Receivable
Cash from OperationsNet Change in CashInvesting ActivitiesCash from FinancingOperating ActivitiesCash from InvestmentFinancing Activities
Cash from FinancingCash from OperationsCash from InvestmentInvesting ActivitiesFinancing ActivitiesNet Change in CashOperating Activities
Decrease in Accounts PayableDecrease in InventoriesIncrease in InventoriesIssuance of Common StockDividends PaidPurchase of Fixed AssetsIssuance of Long-term debtIncrease in Accounts PayableDecrease in Accounts ReceivableNet Income/LossSale of Fixed AssetsDepreciationIncrease in Accounts Receivable
Financing ActivitiesOperating ActivitiesCash from FinancingInvesting ActivitiesCash from OperationsCash from InvestmentNet Change in Cash
Financing ActivitiesOperating ActivitiesCash from FinancingNet Change in CashInvesting ActivitiesCash from InvestmentCash from Operations
Net Income/LossDepreciationIncrease in InventoriesIncrease in Accounts ReceivableIncrease in Accounts PayableIssuance of Long-term debtIssuance of Common StockDecrease in Accounts ReceivableDecrease in InventoriesPurchase of Fixed AssetsDividends PaidDecrease in Accounts PayableSale of Fixed Assets
Increase in InventoriesDecrease in Accounts ReceivableDepreciationIssuance of Common StockPurchase of Fixed AssetsDividends PaidIssuance of Long-term debtNet Income/LossIncrease in Accounts PayableDecrease in Accounts PayableSale of Fixed AssetsIncrease in Accounts ReceivableDecrease in Inventories
Dividends PaidDecrease in Accounts PayableIncrease in Accounts ReceivableDecrease in InventoriesIssuance of Common StockIncrease in Accounts PayableNet Income/LossPurchase of Fixed AssetsIssuance of Long-term debtDecrease in Accounts ReceivableSale of Fixed AssetsDepreciationIncrease in Inventories
Financing ActivitiesInvesting ActivitiesCash from InvestmentCash from FinancingNet Change in CashOperating ActivitiesCash from Operations
Investing ActivitiesOperating ActivitiesCash from InvestmentNet Change in CashCash from OperationsFinancing ActivitiesCash from Financing