20. Cash flow from operating activities is: a. An account on an income statement. b. An asset account on a balance sheet. c. A liability account on a balance sheet. d. An equity account on a balance sheet. e. None of the above. Part II: Open Ended Accounting Problems Instructions: Determine a final numerical answer for each question. You will record your ANSWERS ONLY on THPS-1 Answer Submission Form on iCollege. For all questions (unless otherwise specifically instructed), round (if necessary) all answers to whole dollar amounts (i.e., zero decimal places), but you will NOT record the dollar sign or any commas on iCollege. For example, round $24,302.84 to $24,303 and record this value on iCollege at 24303. USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 21-24 Financial statement data for The Sparkle Sisters, Inc. (a high-end retail jewelry company) are given below. All figures are in dollars. Use this data to construct an Income Statement for the year ending December 31,2021 and use your constructed statement to answer the following 4 questions. NOTE: On the original THPS-1 that I posted, the following table was incorrect. This table (with blue font) is the correct table to use for this problem. 21. What was gross profit from The Sparkle Sisters, Inc.'s income statement for the year ending December 31, 2021? 22. What was operating profit (i.e., EBIT) from The Sparkle Sisters, Inc.'s income statement for the year ending December 31, 2021? 23. What was profit before taxes (i.e., EBT) from The Sparkle Sisters, Inc.'s income statement for the year ending December 31, 2021? 24. What was net income from The Sparkle Sisters, Inc.'s income statement for the year ending December 31, 2021