Financial statements for Mangold Fine Clothes are presented P.O. 5 here.

Instructions Prepare a statement of cash flows for the year 19x8.

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Revenue from Sales: Net Sales Cost of Goods Sold: Mangold Fine Clothes Income Statement For Year Ended December 31, 19x8 Merchandise Inventory, January 1, 19x8 Net Purchases Goods Available for Sale Less Merchandise Inventory, December 31, 19x8 Cost of Goods Sold Gross Profit Operating Expenses: Salary Expense Rent Expense Depreciation Expense, Equipment Supplies Expense Insurance Expense Miscellaneous Expense Total Operating Expenses Net Loss $ 1625 70 00 614 120 00 $ 776 690 00 122 650 00 $ 1379 50 00 2700000 31140 00 321000 150000 72000 $ 854 600 00 654 040 00 $ 200 560 00 S 2015 20 00 (96000)