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12) complete the 2016 Equity & Cash Flow statements given the Balance Sheet and Income statement attached. Balance Sheet 305,000 135,000 Cash 35,000 25,000 Prepaid

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12) complete the 2016 Equity & Cash Flow statements given the Balance Sheet and Income statement attached. Balance Sheet 305,000 135,000 Cash 35,000 25,000 Prepaid Insurance 201,500 195,000 Accounts receivable 55,000 25,000 Inventory/Supplies 596,500 380,000 Total Current Assets 660,000 $500,000. Net Plant & Equipment 1,256,500 880,000 Total Assets Liabilities & Equity 115,000 95,000 Accounts Payable 175,000 125,000 155,000 130,000 Notes Payable 445,000 350,000 Total Current Liabilities 350,000 290,000 Long term Debt 795,000 640,000 Total Liabilities 461500 $240,000 Retained Earnings 1,256,500 880,000 Total Liabilities & Net Worth Income Statement 2,250,000 Revenue Operating Expenses 550,000 175,000 Medical Therapy 475,000 Professional Services 475,000 225,000 Support 86,000 General Depreciation 45,000 nterest 2,031,000 Total Expenses 219,000 Income from Operations Interest Income 221,500 Net Income

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