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Use the financial statements to answer below question
Ques : Construct the cash flow statement for the year 2014
Income Statement
2012
2013
2014
Sales Revenues
130,000
150,000
COGS (including Depreciation)
85,800
105,000
Depreciation
20,000
25,000
S&A Expenses
15,000
18,000
Operating Income
29,200
27,000
Interest Expense
12,000
Taxable Income
17,200
Income Tax (40%)
6,880
4,800
Net Income
10,320
7,200
Balance Sheet
2007
2008
2009
Cash & MS
30,000
28,000
Accounts Receivable
40,000
50,000
60,000
Inventories
75,000
80,000
100,000
Net PPE
120,000
140,000
160,000
Total Assets
255,000
300,000
348,000
Liabilities
Accounts Payable
85,000
Short-term Debt
45,000
72,000
LT Debt (8% Bonds)
74,000
Total Liabilities
170,000
206,000
250,000
Shareholders Equity
94,000
98,000
Price per share
$85.00
$77.00
No of shares
10,000
Dividends Paid
1,320
3,200
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