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AutoSave OFF A B C D .. Home Insert Draw Page Layout Formulas Arial V 12 A A 81 Paste V BIU A V

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AutoSave OFF A B C D .. Home Insert Draw Page Layout Formulas Arial V 12 A A 81 Paste V BIU A V Data Review View Gurnoor Kaur ab Wrap Text Merge & C Automate G10 X fx A B C D E F G H J K 1 Questions 2 3 Using the sole proprietorship statements on the last tab, answer the following questions: 4 5 1. Using just the information from the Income Statement, what is the cash flow from operations? 6 Show your calculations here: 7 8 9 10 11 12 13 14 15 NET INCOME 99,263 DEPRECIATION EXPENSE CASHFLOW FROM OPERATION 7,510 ADD WORKING CAPITAL CHANGES 106,773 2. Now using the information from the Balance Sheet, indicate below whether each of the 16 select your answer. following will INCREASE or DECREASE cash flow from operations. Use the drop down list to 17 18 Increase or Decrease? 19 Increase in Accounts Receivable Decrease 20 Increase in Supplies (asset account) Decrease 21 Increase in Prepaid Expenss Decrease 22 Increase in Accounts Payable Increase 23 Increase in Salaries Payable Increase 24 Increase in Unearned Revenue Increase 25 26 27 28 29 30 31. 32 33 34 35 36 37 38

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