1. Gail's Greenhouse, Inc., a small retail store that sells houseplants, started business on January 1,2014. At the end of January 2014, the following information was available: Sales of plants for cash Sales of plants for credit (not yet collected) $75,000 15,000 45,000 Cost of plants which were sold and paid for during January Expenses during January incurred, and paid for, during January unless otherwise noted Salaries Telephone Office supplies (all used) Electricity Rent on the store for January. 2014 (will not be paid until February. 2014) $5,000 250 150 300 1,000 Requirements: A. Using the above information, prepare the income statement for Gail's Greenhouse for the month ended January 31,2014. B. What is the amount of cash flows provided by operating activities to be presented on the statement of cash flows