Cash Flow Statement - AccountingUse information in picture to create cash flow statement.

Paste Font Alignment Number Cell Styles G367 fx B C D E F G H M CCC 356 Hollister Electric Inc. 29 Marks 0 Holister Electric Inc. 357 Income Statement Statement of Retained Earnings 358 For the Year Ended December 31, 2021 For the Year Ended December 31, 2021 359 360 Sales Revenue 740,000 Opening Balance 361 Less sales Discount 9,500 add net income SO 362 Less sale return $12,100 less dividend paid $60,000 363 net sales 718,400 Retained Eaming 31. 12.2021 364 Less cost of goods sold 333,000 Prepare a Classified Balance Sheet at December 31, 2021. Round answers to the nearest whol 365 Gross profit 385,400 Hollister Electric Inc. 366 Balance Sheet 367 Operating Expenses As at December 31, 2021 368 Depreciation Expense 35,000 Cash $15,058 369 Insurance Expense ,100 Accounts Receivable $48,692 370 Maintenance Expense 15,200 Interest receuvable $4 285 371 Professional Fees Expense 7,500 Inventory 124,000 372 Rent Expense 41,300 prepaid insurance 18 500 373 Salaries Expense 84,000 Propert, plant, and equipment 190,000 374 Telephone Expense 3,500 short term investment - Daenerys inc 28,600 375 Travel Expense $19,100 Inc-vestment Gregor Inc CS 275,700 376 Total operating Expenses 209,700 Total 282,600 377 378 Income from Operations 175,700 account payable 71,000 379 Interest Expenses 13,646 Bank Loan 45,000 380 Interest Revenue 4,285 Long-term investment bon 160,000 381 Revenue from Investment 143,500 income tax payable 41,396 382 Income before tax 309,839 interest payablw 12,855 383 Income tax expense $85.755 uneamed revenue 6,600 384 Income from Continuing Operations 223,084 Common shares 87500 385 Preffered Shares 20000 386 Loss from Discontinued Operations 16,800 Retained Earnings 387 Total Discontinued Operations 16 800 Total 282,600 388 389 Net Income 206,284 390 391 Sheet 1