Prepare a statement of cash flows using the direct method to present the operating activities.

Prepare a schedule reconciling net income to cash provided by (Used in) activities.

Please show all math

038 fx B D E F G H 1 Fast, Fehr & Friendly, Inc. 2 STATEMENT OF INCOME 3 For the Year Ended September 30, 2019 4 5 Revenue & Gains: 6 Sales $ 160 7 Interest 6 8 Gain on Sale of Assets 9 9 Total Revenue $ 175 10 11 Expenses and Losses: 12 Cost of Goods Sold $ 61 13 Salaries 22 14 Depreciation 18 15 Interest 5 16 Miscellaneous 4 17 $ 110 18 19 Net Income $ 65 20 21 Fast, Fehr & Friendly, Inc. 22 STATEMENT OF FINANCIAL POSITION 23 September 30, 2019 and September 30, 2018 24 25 30-Sep-19 30-Sep-18 26 ASSETS: 27 CASH $ 68 $ 35 28 ACCOUNTS RECEIVABLE 28 27 29 INVENTORY 44 48 30 AFS (Long--TERM) INVESTMENTS 15 20 31 PREPAID MISCELLANEOUS EXPENSES 3 5 32 PLANT ASSETS 72 65 33 ACCUMULATED DEPRECIATION -22 -34 34 TOTAL ASSETS $ 208 $ 166 35 36 37 LIABILITIES AND EQUITY 38 ACCOUNTS PAYABLE $ 12 $ 18 39 ACCRUED SALARIES PAYABLE 8 6 40 DIVIDENDS PAYABLE 3 0 41 INTEREST PAYABLE 3 2 42 BONDS PAYABLE 45 40 43 COMMON STOCK 54 40 44 PREMIUM ON COMMON STOCK 20 15 45 RETAINED EARNINGS 63 45 46 TOTAL LIABILITIES AND EQUI $ 208 $ 166 47 48 Additional information: 49 1. Plant assets were sold for $10 cash during the year. 50 51 Instructions