Assume CoberPrinting Inc. ended the month ofJuly2020 with the following data.

\fBalance Sheet Cober Printing Inc. Balance Sheet As at July 31, 2020 Assets Liabilities Cash $ 8, 100 Accounts payable $ 3,200 Equipment 36,000 Shareholders' Equity Common shares 35,000 Retained earnings 5,900 Total shareholders' equity 40,900 44,100 44,100 Total assets Total liabilities and shareholders' equityTO: Owner of Cober Printing Inc. FROM: Student Name SUBJECT: Opinion of operating results, financial position, and cash flows Your first month of operations appears to have been Revenues totalled $ and net income was $ These operating results look very The business was able to pay a $ || dividend, and this should make you with so quick a return on your investment. Your financial position looks with assets of $ and liabilities of only $ . Your shareholders' equity is $ 1 Operating activities generated cash of $ You ended the month with cash of $ |. Based on the above facts, I believe you keep the business operating.Statement of Retained Earnings Cober Printing Inc. Statement of Retained Earnings For the Month Ended July 31, 2020 Retained earnings, July 1, 2020 $ Add: Net income for the month 7,900 Less: Dividends (2,000) 5,900 Retained earnings, July 31, 2020Statement of Cash Flows Cober Printing Inc. Statement of Cash Flows For the Month Ended July 31, 2020 Cash flows from operating activities: Net income 7,900 Adjustments to reconcile net income to cash provided by operations 3,200 Net cash provided by operating activities 11, 100 Cash flows from investing activities: Acquisition of equipment $ (36,000) Net cash used for investing activities (36,000) Cash flows from financing activities