You are given the following financial statements. Revenue Cost of sales Gross profit Expenses Wages &...

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You are given the following financial statements. Revenue Cost of sales Gross profit Expenses Wages & benefits Depreciation Advertising & promotion Bad debts Consulting fees Insurance Interest & bank charges Office & miscellaneous maintenance Subscriptions & permits Telephone Travel & automotive Total operating expenses Net income before taxes Income tax 2022 Net income 1,534,660 659,904 874,756 306,932 30,000 120,817 Professional fees 9,467 Repairs & 9,786 5,200 6,500 20,828 3,481 2,787 2,651 5,660 524,109 350,647 52,597 298,050 0 Assets Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Long term assets Property, plant, & equipment (net) Total long term assets Total assets Liabilities & shareholders' equity Current liabilities Payables & accruals Income taxes payable Current portion of loan payable Total current liabilities Long term liabilities Bank loan payable Due to shareholders Total long-term liabilities Total liabilities 2021 41,212 36,444 1,145 769,124 2022 690,323 749,724 246,381 63,944 1,145 1,061,194 391,688 361,688 391,688 361,688 1,160,812 1,422,882 44,799 49,493 0 82,670 52,59 10,600 10,600 138,069 112,690 106,092 95,492 106,092 95,492 244,161 208,182 0 Shareholders' equity Common stock Shareholder contributions Retained earnings Total shareholders' equity Total liabilities & shareholders' equity Question 1 (1 point) Statement of cashflow Operating activities Net income Question 2 (1 point) Depreciation Question 3 (1 point) Change in accounts receivable Question 4 (1 point) Change in inventory Question 5 (1 point) Change in prepaid expenses 4 Question 6 (1 point) Change in accounts payable 552,789 There are no purchases/sales of property, plants and equipments (PP&E) in 2022. The company doesn't pay any dividends in 2022. Question 7 (1 point) Change in income tax payable Build a statement of cashflow for 2022. Please round all numbers to the n whole number. No decimal places, no $, no comma. For cash inflow, please use positive numbers. For cash outflow, please use negative numbers. 363,858 661,908 916,651 552,789 1,214,701 4 1,160,812 1,422,882 100 Question 8 (1 point) Financing activities Bank loan payable Question 9 (1 point) Investing activities Net property, plant & equipment purchases Question 10 (1 point) Net cashflow Question 11 (1 point) Beginning cash Question 12 (1 point) Ending cash You are given the following financial statements. Revenue Cost of sales Gross profit Expenses Wages & benefits Depreciation Advertising & promotion Bad debts Consulting fees Insurance Interest & bank charges Office & miscellaneous maintenance Subscriptions & permits Telephone Travel & automotive Total operating expenses Net income before taxes Income tax 2022 Net income 1,534,660 659,904 874,756 306,932 30,000 120,817 Professional fees 9,467 Repairs & 9,786 5,200 6,500 20,828 3,481 2,787 2,651 5,660 524,109 350,647 52,597 298,050 0 Assets Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Long term assets Property, plant, & equipment (net) Total long term assets Total assets Liabilities & shareholders' equity Current liabilities Payables & accruals Income taxes payable Current portion of loan payable Total current liabilities Long term liabilities Bank loan payable Due to shareholders Total long-term liabilities Total liabilities 2021 41,212 36,444 1,145 769,124 2022 690,323 749,724 246,381 63,944 1,145 1,061,194 391,688 361,688 391,688 361,688 1,160,812 1,422,882 44,799 49,493 0 82,670 52,59 10,600 10,600 138,069 112,690 106,092 95,492 106,092 95,492 244,161 208,182 0 Shareholders' equity Common stock Shareholder contributions Retained earnings Total shareholders' equity Total liabilities & shareholders' equity Question 1 (1 point) Statement of cashflow Operating activities Net income Question 2 (1 point) Depreciation Question 3 (1 point) Change in accounts receivable Question 4 (1 point) Change in inventory Question 5 (1 point) Change in prepaid expenses 4 Question 6 (1 point) Change in accounts payable 552,789 There are no purchases/sales of property, plants and equipments (PP&E) in 2022. The company doesn't pay any dividends in 2022. Question 7 (1 point) Change in income tax payable Build a statement of cashflow for 2022. Please round all numbers to the n whole number. No decimal places, no $, no comma. For cash inflow, please use positive numbers. For cash outflow, please use negative numbers. 363,858 661,908 916,651 552,789 1,214,701 4 1,160,812 1,422,882 100 Question 8 (1 point) Financing activities Bank loan payable Question 9 (1 point) Investing activities Net property, plant & equipment purchases Question 10 (1 point) Net cashflow Question 11 (1 point) Beginning cash Question 12 (1 point) Ending cash

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