using the template, create an indirect cash flow statement with the given information

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Table 1 Cash From Operations Net Cash From Operations Cash From or Used in Investments Net Cash From or Used in Investments Cash From or Used in Financing Net Cash From or Used in financing Net Increase or Decrease in Cash Beginning Cash Ending Cash 05/10/2011 TUE 17:53 FAX 2002/024 . 2 Fi FIRST Year of OPERATIONS ASSETS CURRENT ASSETS: Cash 429.218 Total current assets 429,218 PROPERTY AND EQUIPMENT, net 4,698,368 OTHER ASSETS: Loan receivable Total other assets 1,210,891 1,210,691 Total assets 6,338,277 LIABILITIES AND EQUITY $ CURRENT LIABILITIES: Loan payable to bank Payoll tax payable Sales tas payable Total current liabilities 1,360,066 7,101.00 55,994 1,423,150 LONG-TERM LIABILITIES Loan payable 2,205,149 Total long-term liabilities 2,205,149 Total liabilities 3,628,290 STOCKHOLDERS' EQUITY: Common stock, no par Value - 200 shares authoriezed, issued and outstanding Retained earnings Total stockholders' equity 2,849,846 (139.868) 2,709,978 Total liabilities and stockholders' equity $ 6,338,277 First Year of OPERATIONS NET SALES $6,352,767 COST OF GOODS SOLD 726,339 GROSS PROFIT 4,626,428 OPERATING EXPENSES (EXHIBIT): Selling General and administrative Compensation and fringe benefits 158,250 3,757,987 737 846 Total operating expenses 4,654,083 Operating income (27,655) Other Income (expense) Interest expense, net 9,813 Income before income taxes (37,468) Income taxes Provision for income taxes 102.400 Net income (139,868) RETAINED EARNINGS, beginning of year 0 RETAINED EARNINGS, end of year $ (139,868) FIRST Year of OPILILATION'S EXHIBIT 1 SELLING - Advertising $ 158,250 Total selling 158,250 GENERAL AND ADMINISTRATIVE- Auto expense Bank charges Charitable contribution Claim expenses Depreciation Equipment rent Freight & Delivery Garbage removal Insurance Laundry & Cleaning License & permits Management fees Medical expenses Meals & Entertainments Office expenses Outside labor Penalty Postages Professional fees Rent Repair & maintenance Security expenses Subscription Supplies Telephone & Communications Transportation Travel Uniform Utilities Water & Sewer $ 33,506 156,193 7,800 160 159,365 34,377 20,034 13,275 65,180 182,827 3,742 213,847 1,244 6,943 13,337 293,038 2,100 2,182 18,839 1,104,745 120,584 779 1,523 392,886 9,532 529 6,182 6,464 737,036 149,738 Total general and administrative 3,757,987 COMPENSATION AND FRINGE BENEFITS - Gross payroll Payroll taxes 673,023 64,823 Total compensation and fringe benefits 737,846 $ 4,654,083 Total operating expenses See accountant's compllation report IR CONO YRAR of Operation's ASSETS CURRENT ASSETS: Cash Total current assets 348,399 348,399 PROPERTY AND EQUIPMENT, net 4,342,171 Total assets 4,690,570 LIABILITIES AND EQUITY CURRENT UABILITIES: Loan payable to bank Auto mortgage payable Payoll tax payable Sales tax payable Total current llabilities LONG-TERM LIABILITIES Loan Payable Total long-term liabilities $ 1,360,055 30,447 13,855 65,127 1,469,284 500,000 500,000 Total liabilities 1,969,284 STOCKHOLDERS' EQUITY: Common stock, no par value - 200 shares authoriezed, issued and outstanding Retained earnings 2,349,846 371,440 Total stockholders' equlty 2,721,286 Total llabilities and stockholders' equity $ 4,690,570 Second Year of Operation's NET SALES $11,945,195 COST OF GOODS SOLD 2,519,586 ..GROSS PROFIT 9,425,609 OPERATING EXPENSES (EXHIBIT): Selling General and administrative Compensation and fringe benefits 156,377 6,754,285 1,738,644 Total operating expenses 8,649,306 Operating income 776,303 Other income (expense) Interest expense, nel 48,822 income before income taxes 727,481 Income taxes Provision for income taxes 216,172 Net income 511,309 RETAINED EARNINGS, beginning of year (139,869) RETAINED EARNINGS, end of year 371,440 Stecono Year of OPERATIONS EXHIBIT 1 SELLING - Advertising $ 158,377 Totat selling 156,377 GENERAL AND ADMINISTRATIVE- $ Auto expense Bank charges Charitable contribution Claim expenses Depreciation Equipment rent Freight & Delivery Garbage removal Gift Insurance Laundry & Cleaning License & permits Medical expenses Meals & Entertainments Miscellaneous Office expenses Outside labor Outside services Parking & toit Penalty Postages Professional fees Rent Repair & maintenance Security expenses Subscription Sub-contracting Supplles Telephone & Communications Transportation Travel Uniform Utilities Water & Sewer 75,372 204,583 5,000 3,691 497,900 30,848 47,990 28,948 42 186,073 310,924 41,840 460 7,717 2,672 50,140 968,850 15,042 142 22,149 4,818 115,894 1,625,000 468,088 15,411 25,749 104,816 409,405 17,295 6,769 5,266 2,814 1,175,208 277 769 Total general and administrative 6,754,285 COMPENSATION AND FRINGE BENEFITS- Gross payroll Payroll taxes Employee benefit $ 1,548,090 184,234 6,320 Total compensation and fringe benefits 1,738,644 Total operating expenses $ 8,649,306 See accountant's compilation report