Using the sole proprietorship statements on the last tab, answer the following questions:

Using just the information from the Income Statement, what is the cash flow from operations? Show your calculations here:

Now using the information from the Balance Sheet, indicate below whether each of the following will INCREASE or DECREASE cash flow from operations. Use the drop down list to select your answer.

Increase in Accounts Receivable

Increase in Supplies $($asset account$)$

Increase in Prepaid Expenss

Increase in Accounts Payable

Increase in Salaries Payable

Increase in Unearned Revenue

Increase or Decrease?

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Attestation

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Financial Statements

Questions