Frank’s Flower Company, a small retail store that sells flowers, started business on January 1, 2022. At the end of January 2022, the following information was available:

Sales of flowers for cash	$ 150,000
Sales of flowers for credit (not yet collected)	30,000
Cost of flowers which were sold and paid for during January	90,000

Expenses during January incurred, and paid for, during January unless otherwise noted:

Salaries	$ 10,000
Telephone	500
Office supplies (all used)	300
Electricity	600
Rent on the store for January, 2022 (will not be paid until February, 2022)	2,000

Required:

A. Using the above information, prepare the income statement for Frank’s Flower Company for the month ended January 31, 2022.
B. What is the amount of cash flows provided by operating activities to be presented on the statement of cash flows?