12 Prepare a cash flow statement given the following information. Sales 900 COGS 240 Gross Profit 660 Operating Exp. Depreciation Expense 45 Rent Expense 240 Wage Expense 300 Total Oper. Exp. 585 Operating Income 75 Loss on Sale of Land -30 Net Income 45 A/P decrease A/R decrease Beg. cash balance Bonds payable increase Dividends paid End. cash balance Inventory increase Machine purchased Proceeds - sale of land Stock issued Unearned revenue increase 75 30 75 270 90 300 60 330 150 150 bu