Question: Calculate Net Cash Provided by Operational Activities and Complete Statement of Cash Flows (Operating Activities Only DEMONSTRATION COMPANY Income Statement December 31, 2017 5500,000 Sales

 Calculate Net Cash Provided by Operational Activities and Complete Statement of

Calculate Net Cash Provided by Operational Activities and Complete Statement of Cash Flows (Operating Activities Only DEMONSTRATION COMPANY Income Statement December 31, 2017 5500,000 Sales Tev Total revenue DEMONSTRATION COMPANY Comparative Balance Sheet Accounts December 31, 2017 Current Assets 2016 2017 Change Account Receivable $35.000 500.000 $5,000 Increase Prepaid Rent 20,000 15.000 $5,000 Decrease Inventory 15,000 25.000 10,000 Increase Cash & Cash Equivalents 55,000 40,000 15,000 Decrease real Liabilities Account Payable 15.000 13.000 2.000 Decrease Interest Payable 3.500 5.500 2.000 Increase Tax Payable 5.000 2.000 Increase 10,000 Long term Lens 5.000 5,000 Decrease Cost of goods sold Operating expense Depreciation Interest expense Income tax expense Total expense Net Incem 250,000 55.000 25,000 5.000 3.500 3.000

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