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Based on the following information, prepare a Statement of Cash Flow for Finale...

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Accounting

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Based on the following information, prepare a Statement of Cash Flow for Finale Company: Finale Company Balance Sheet December 31, 20x5 and 20x4 Assets Cash Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation Total Assets 20x5 $22.000 200,000 125,000 18,000 1,019,000 (527,000) $857.000 20x4 $16,000 250,000 95,000 10,000 1,000,000 (597.000) $774,000 EES=== Liabilities and Stockholders' Equity Accounts Payable $ 75,000 Interest Payable 10,000 Income Taxes Payable 90,000 Bonds Payable 117,000 Common Stock 338,000 Retained Earnings 227,000 Total Liabilities & Stockholders' Equity $857,000 $50,000 8,000 107,000 77,000 300,000 232,000 $774,000 Finale Company Income Statement Year Ended December 31, 20x5 $1,300,000 880,000 $420,000 Sales Cost of Goods Sold Gross Profit Operating Expenses: SAVE Depreciation Expense $60,000 General & Admin. Expenses 240,000 Interest Expense 15,000 Income Tax Expense 35,000 Net Income 350,000 $ 70,000 The following additional information is available: a. Plant Assets were sold for their book value during the year of $200,000. The original cost of the assets sold was $330,000

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