PART I: STATEMENT OF CASH FLOWS- Value: 32 points Prepare the Statement of Cash Flows based on the information sent by BlueOne Corp. BlueOne Corp Income Statement 2022 2021 Sales revenue $24,000 $27,750 Cost of goods sold 13,500 13,000 Gross Profits 10,500 14,750 Selling expense 800 1,325 General and administrative expense 1,900 2,300 Depreciation expense 325 300 Total Expenses 3,025 3.925 Operating profits 7,475 10,825 Interest expense 925 1,300 Net profit before taxes $ 6,550 9,525 Taxes 1,376 2,000 Net profit after taxes $ 5,174 $ 7,525