Refer to the data in Exercises 1-22A and 1-23A. In Exercises 1-22A, Assume the Island Coffee Roasters Corp. ended the month of August 2015 with these data:
Requirement 1. Prepare the statement of cash flows of Island Coffee Roasters Corp., for the month ended August 31, 2015. Using Exhibit 1-11 as a model, show with arrows the relationships among the income statement, statement of retained earnings, balance sheet, and statement of cashflows.