Question: 3. The income statement for Captree Landscaping is shown below. Assume that all revenues and expenses were for cash and that land was sold for

3. The income statement for Captree Landscaping is shown below. Assume

3. The income statement for Captree Landscaping is shown below. Assume that all revenues and expenses were for cash and that land was sold for 540,000. There were no other investing or financing activities during the year. The cash balances at the beginning and end of the year were $53,000 and $140,000. Prepare a statement of cash flows. Captree Landscaping Income Statement For the Year Ended December 31, 20- Sales (all cash) Wages expense (all cash) Operating income Gain on sale of land Net income $115,000 (68.000 $ 47.000 3,000 50.000

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