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The Sample Cafe nearly broke even in the first month of business. Below is a simplified income statement for January along with some notes regarding specific transactions. Sample Cafe Income Statement Summary Month Ended January 31, 20xx In in the previous question you built Sample Cafe's balance sheet for December 31. For this question, update the Sample Cafe balance sheet for January 31 using the template below to reflect the month of operations. - Input Accumulated Depreciation as a negative value. What is the book value of furniture and equipment at the end of January? Choose the best statement below regarding Sample Cafe operations in Jamuary, The cafe had a small loss but cash increased primarily because the change in accounts payable was greater than accounts receivable for the manth The cafe had a small loss but cash increased solely because of the impact of equipment depreciation The cafe had positive cash flow because of the revenue from the special event. The cafe uses an accrual-based accounting system for their income statement. In early December Alice and Bob decided to open Sample Cafe with $15,000 of their own money and $19,000 borrowed from a friend. They have spent $13,000 on equipment and furniture, and they have purchased $3,000 worth of cups for cash which they expect will be used over the next three months. Having put down a \$2,600 deposit for a location on Main St, they will pay the first month's rent when they open their doors on January 1. In the balance sheet template below, fill in the appropriate values as of December 31 . - Input Accumulated Depreciation as a negative value. The Sample Cafe nearly broke even in the first month of business. Below is a simplified income statement for January along with some notes regarding specific transactions. Sample Cafe Income Statement Summary Month Ended January 31, 20xx In in the previous question you built Sample Cafe's balance sheet for December 31. For this question, update the Sample Cafe balance sheet for January 31 using the template below to reflect the month of operations. - Input Accumulated Depreciation as a negative value. What is the book value of furniture and equipment at the end of January