During week $2,$ Alex sells $1,350$ hot dogs. At the end of the week after paying the lease on the cart and paying his bill for the hot dogs, he is left with $$322$ in cash.

The week $2$ cash flow statement is as follows:

Alex's Hot dogs

Cash Flow Statement

Cash Generated from Operating Activities

Cash Receipts from Sales

Cash Used in Operating Activities

Payment of Accounts Payable

Operating Expenses

Taxes

Week $2$

tal Cash Used in Operating

Activities

Cash Flow

Prepare a profit and loss statement for week $2.$

Units

Alex's Hot dogs

Profit and Loss Statement

Sales Activity

Week $2$

Revenue

Cost of Goods Sold

Gross Profit

Operating Expenses

Profit Before Taxes

Taxes

Net Profit

What is Alex's profit for week $2?$

Sales increased. Why does Alex only have $$322$ end of this week?