Accounting

We have three financial statements, Balance sheet, Income statement and Cash Flow. The re is missing information that has to be calculated and explained how we arrived to those numbers.

Polly's Pet Products Statement of Cash Flows as of December 31, 2018 600,000 50,000 25,000 Cash Flows from Operating Activities Cash received from customers Cash paid out to suppliers and employees Interest paid Taxes paid (5,000) (10,000) 75,000 Net cash provided by operating activities 185,000 Cash Flows from Investing Activities Purchase of fixed assets (25,000) 75,000 Net cash used in investing activities (25,000) Polly's Pet Products Balance Sheet as of December 31, 2018 ASSETS CURRENT ASSETS Cash Accounts receivable Other assets Total current assets LONG TERM ASSETS Fixed Assets TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable Accrued expenses Income tax payable Current portion of notes payable Deferred income taxes Total current liabilities LONG TERM LIABILITIES Notes payable (long term) TOTAL LIABILITIES STOCKHOLDERS' EQUITY Common stock 5,000 Additional paid-in capital 15,000 Retained Earnings Total stockholders' equity TOTAL LIABILITIES AND STOCKHOLDERS EQUITY 5,000 12,000 1,500 123,500 Cash Flows from Financing Activities New loans Repayments on loans Issuance of common shares of stock 50,000 (45,000) 5,000 Net cash provided by financing activities 161,500 Net change in Cash Cash balance, beginning of year 30,000 Cash balance, end of year Polly's Pet Products Income Statement as of December 31, 2018 650,000 205,000 75,000 Revenues Operating Costs Gross Profit General and Administrative Expenses Operating Income Other Expense Income Before Provision for Income Taxes Provision for Income Taxes Net Income 60,000 5,000 Retained Earnings, Beginning Balance 103,500 Net Income Retained Earnings, Ending Balance