Peter who is self-employed has the following income and expenses during the year:

Business Income………………………………..115,000

Interest Income……………………………..……..1,500

Dividend Income………………………………….2,200

Hobbies……………………………………………..550

Recreational Expenses…………………………….5,500

Vacation Expenses………………………………...2,500

Alimony……………………………………………..950

Healthcare Cost……………………………………5,250

Clothing Expenses…………………………………..780

Insurance Cost…………………………………….6,250

Food Expenses……………………………………8,275

Taxes……………………………………………..1,150

Furniture Cost…………………………………...12,000

Debt Repayment………………………………...22,000

New Debt Taken…………………………………2,575

Retirment investments………………………….15,500

What is the total cash flow from operations during the year?

$80,900

$87,495

$75,495

$80,400

Answer rating: 100% (QA)

Business Income 115000 Interest Income 1500 Dividend Inco... View the full answer