1a. Use the following balance sheet and profit and loss statement for Associated Industries to pull the data and answer the questions below the financial statements: \begin{tabular}{|lrr|} Rent & $22,500 & $22,500 \\ Utilities & $11,250 & $11,588 \\ Owners' Salary & $15,750 & $15,750 \\ Accounting, Payroll and Legal & $7,500 & $7,725 \\ Depreciation & $2,250 & $2,250 \\ Operating Profit & $14,694 & $11,800 \\ Interest & $0 & $0 \\ \cline { 2 - 4 } & & $0 \\ \hline \end{tabular} 1b. Create an Indirect Cash flow statement in the table below. 2. Explain, what has happened to the overall cash balance in the past year? (Did it Increase or decrease and by how much?) Answer: 3. What is the major contributors of cash for the year and what does that mean for the operation of the business? Answer: 4. What are the two major reductions for cash and what does that suggest for the operations of the business