a) Create a new table and redo the calculations to check the arithmetic accuracy of the table below.

b) Is there a difference in calculations between the two tables?

c) Identify the cause of the difference if there is one.

d) Which table should be relied on and why?

2018 2019 2020 Actual Opening cash Sales Contribution Actual $524,207 $1,884,495 Actual $1,085,308 $2,261,394 $1,570,413 $320,000 $1,890,413 $2,408,702 $3,346,702 $975,158 $118,656 $18,950 $1,170,190 $122,904 $19,424 Opening cash and cash inflows Less cash outflows Payments for inventory Payments for wages Payments for rates and utilities Purchase of equipment and fittings Payments to the owner (drawings) Payments for insurance Payments for rent of premises Total cash outflows Ending balance of cash $812,632 $113,873 $18,700 $220,000 $80,000 $21,000 $180,000 $1,366,205 $524,207 $80,000 $21,630 $189,000 $1,323,394 $1,085,308 $80,000 $22,279 $198,450 $1,533,247 $1,813,455