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
|
15,000
|
|
Taxable Income
|
|
17,200
|
12,000
|
|
Income Tax (40%)
|
|
6,880
|
4,800
|
|
Net Income
|
|
10,320
|
7,200
|
| |
|
|
|
|
Balance Sheet
|
2007
|
2008
|
2009
|
|
Cash & MS
|
20,000
|
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
|
50,000
|
60,000
|
85,000
|
|
Short-term Debt
|
45,000
|
72,000
|
85,000
|
|
LT Debt (8% Bonds)
|
75,000
|
74,000
|
80,000
|
|
Total Liabilities
|
170,000
|
206,000
|
250,000
|
| |
|
|
|
|
Shareholders Equity
|
85,000
|
94,000
|
98,000
|
| |
|
|
|
|
Price per share
|
|
$85.00
|
$77.00
|
|
No of shares
|
10,000
|
10,000
|
10,000
|
|
Dividends Paid
|
|
1,320
|
3,200
|