1) What was the Gross Profit for 2020?

2) Topsi Products Operating Profit for 2020 was

3)Topsi Products Earnings before taxes for 2020 was

4)Topsi Products Earnings after taxes for 2020 was

5)Topsi Products Cash Flow from operations (before adjusting for changes in non-cash working capital) for 2020 was

6)Topsi Products Cash Inflows from changes in non-cash working capital for 2020 were

7)Topsi Products Cash Outflows from changes in noncash working capital for 2020 were

8) Topsi Products cash provided by operating activities for 2020 was

9)Topsi Products Net increase (decrease) in cash for 2020 was

10)Topsi Product's cash provided by operating activities was __________________ it's earnings after taxes for 2020

Use the following information to prepare an Income Statement and the Operating Activities section of the Cash Flow Statement of Topsi Products for 2020 to answer this and the next 9 questions in this activity. [The data will only appear with this question). What was the Gross Profit for 2020? Cost of goods sold was Prepaid expenses increased by Sales were Office salaries payable increased by Office salaries expenses were Inventory decreased by Accounts receivable decreased by Amortization expense was Income tax expense was Accounts payable decreased by Other administrative expenses were Interest expense was Earnings after taxes was Cash provided by operating activities $2,557,500 $112,400 $3,584,600 $18,300 $455,100 $138,620 $85,150 $214,500 $28,200 $67,225 $247,000 $37,000 $45,300 $322,245