During March $2018,$ Premier began the month with $$8,942$ in cash, had revenues of $$110,000,$ paid salaries of $$80,000$ to its web designers, and had operating expenses of $$14,400,$ depreciation of $$1,500$ on its computer systems, and made estimated tax payments of $$2,961.$

a$.$ Prepare a profit and loss statement.

b$.$ Prepare a cash flow statement.

c$.$ Discuss why net profit does not equal net cash flow for the month.

d$.$ Should the owners of Premier be concerned about their profit or cash situation? What solutions do you suggest?