Aakarshan Ltd. had the following account balances at December 31, 2021:

Account Name	Amount
Income tax expense	$12,380
Cash (beginning of year)	39,910
Purchase of intangibles	1,560
Website design	1,500
Supplies expense	1,375
Supplies	3,150
Payment of dividends	7,000
Service revenue	79,480
Cash received from debt	25,000
Dividends	7,000
Payments to suppliers	56,925
Retained earnings (beginning of year)	28,365
Bank loan payable, due in 2025	25,000
Website expense	1,000
Advertising expense	1,750
Owner's capital	17,500
Prepaid insurance	1,800
Contributions by owners	8,500
Business licence	60
Insurance expense	3,600
Interest expense	1,800
Accounts receivable	52,375
Prepaid expenses	2,700
Income tax payable	2,775
Deferred revenue	2,450
Collections from customers	58,450
Accounts payable	33,845
Cash (end of year)	66,375
Salaries expense	32,550

Using the above information create the following: income statement, statement of retained earnings, balance sheet and the statement of cash flows. Then use the information to answer the following questions.

Question 26 (1 point)

What is the correct order for the current liabilities section of the balance sheet?

Question 26 options:

a)	Accounts payable, Income tax payable, Bank loan payable

b)	Accounts payable, Income tax payable

c)	Accounts payable, payments to suppliers, deferred revenue, income tax payable

d)	Accounts payable, Income tax payable, Payments to suppliers

e)	Accounts payable, Deferred revenue, Income tax payable

f)	Bank loan payable, Income tax payable, Accounts payable, Deferred revenue

Question 27 (2 points)

Question 27 options:

What is total liabilities on this company's balance sheet?

Question 28 (2 points)

Question 28 options:

What is total equity on this company's balance sheet?

Question 29 (1 point)

What is the correct order for the equity section of the balance sheet?

Question 29 options:

a)	Retained earnings, Profit, Owners' capital

b)	Owners' capital, Retained earnings, Profit, Dividends

c)	Retained earnings, Owners' capital

d)	Owners' capital, Retained earnings, Profit

e)	Owners' Capital, Retained earnings

f)	Retained earnings, Profit, Dividends, Owners capital

Question 30 (1 point)

What is the correct title for this company's statement of cash flows?

Question 30 options:

a)	Statement of Cash Flows, Aakarshan Ltd., Year ended December 31, 2021

b)	December 31, 2021, Statement of Cash Flows, Aakarshan Ltd.

c)	Aakarshan Ltd., Statement of Cash Flows, Year ended December 31, 2021

d)	Aakarshan Ltd., December 31, 2021, Statement of Cash Flows

e)	Aakarshan Ltd., Statement of Cash Flows, December 31, 2021

Question 31 (2 points)

Question 31 options:

What is total cash flow from investing activities on this company's statement of cash flows?

If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682

If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485

Question 32 (2 points)

Question 32 options:

What is total cash flow from operating activities on this company's statement of cash flows?

If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682

If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485

Question 33 (2 points)

Question 33 options:

What is total cash flow from financing activities on this company's statement of cash flows?

If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682

If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485

Question 34 (2 points)

Question 34 options:

What is the net change in cash on this company's statement of cash flows?

If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682

If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485

Question 35 (1 point)

What is the correct order for the sections of this company's statement of cash flows?

Question 35 options:

a)	Investing, Operating, Financing, Change in cash

b)	Operating, Investing, Financing, Change in cash

c)	Change in cash, Investing, Operating, Financing

d)	Investing, Operating, Financing

e)	Financing, Investing, Operating, Change in cash