Question: Make balance sheet and cash flow statement according to the income statement provided. Income statement: This income statement has been assumed according the competitors the

Make balance sheet and cash flow statement according to the income statement provided. Income statement:

This income statement has been assumed according the competitors the business will face when came into run-

Total revenue - $500000

Cost of sales -

Total revenue Basic fees $883,933

Rental royalty fees 1,171,941

Sales royalty fees 392,367

Attractions 222,752

Original sale entry fees 120,057

Resale entry fees 1,174,291

Operations revenue fees 272,946

Associate members' fees 33,307

Event revenue and sponsorship 276,097

Interest income 62,950

Other 31,435 4,642,146

Profit - $1638642

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