Interest payments ans receipts are operating activities.

Preapre a operating activity part of the cashflow statement using the imformation in the attached blance sheet and Income statement

(hint: income before income tax:25

Net cash flows from operating activities : -55)

balancesheet

income statement

Balance Sheet December 31, 2020 and 2019 2020 2019 Assets 300 330 210 200 200 180 15 13 17 18 Current asset: Cash and cash equivalents Accounts receivable Inventory Prepaid rent Interest receivable Total current assets Non-current asset: Property, plant, and equipment Land 3 Equipment Less: Accumulated depreciation - equipment Total non-current asset Total assets 742 741 350 350 250 (100) 500 250 (90) 510 1,251 1,242 . 200 265 32 28 20 18 Liabilities and Equity Current Liabilities: 3 Accounts payable 4 Interest payable 5 Income tax payable -6 Total current liabilities 27 Non-current liabilities: 28 Notes payable 29 Long-term debt 30 Total non-current liabilities 252 311 .10 10 280 250 290 260 542 571 500 500 31 Total liabilities 32 Equity 33 Common stock 34 Retained earnings 35 Total equity 36 Total liabilities and equity 200 180 700 680 1,242 1,251 Statement of Comprehensive Income For the Year Ended December 31, 2020 2020 2019 Net sales revenue $ 200 $ 180 (120) (110) 80 70 Cost of goods sold Gross profit Operateing expenses: Rent expense Depreciation expense Other expenses e Operating Income 3 Non-operating gains or losses: 4 Interest revenue (10) (20) (30) 20 (8) (17) (25) 20 20 33 5 Interest expense (15) (21) 6 Income before income tax 25 32 7 Income tax expense (10) (15) 8 Net income 15 17