Below is the balance sheet for a store at the end of the first year, and transactions for the first quarter of the following year. Balance Sheet (December 31, 20x0) Cash $14,200 Loara Payable $9,500 Rent Deposit $5,000 Total Liabilities $2,500 Inventory $21,000 Stock $25,000 Retained Earnings $7,000 Total Equity $12,000 Total Assets $40,200 Total Lieb. and Equity $41,500 Transactions (January 1 - March 31, 20x1) Description Amount Comment Product Purchased $43,600 2,500 and 1,550 Receipts from al $107,500 4.300 units at average cost of $12 each Advertising/Promotion $12,000 increased promotion Payroll Experne $25,000 includes to and bewit Other Exper $10,000 includes $1,000 in shrinkage Loan Payment $1,000 principal reduction Create the Cash Flow Statement for the quarter. Be sure to include the tax paid. Beginning Cash Sample Store Cash Analysis Quarter Ended March 31, 20x1 Revenue Total Cash Available Purchase Product Expenses (Jess Shrinkage) TORS Payment on Loan Principal Total Cash Required Ending Cash 50