Calculate funds from operations from the following: Profit and Loss Account $ 5,000 25,000 By Sales By Closing Stock 1,50,000 10,000 To Opening Stock To Purchases To Wages Add: Outstanding To Mfg. Expenses To Gross Profit 4,200 800 5,000 4,000 1,21,000 1,60,000 1,60,000 1,21,000 By Gross Profit To Salary 6,500 Less: Prepaid 700 To Rent To Depreciation To Goodwill written off To Preliminary Expenses written off To Net Profit 5,800 2,200 3,500 5,000 2,500 1,02,000 1,21,000 1,21,000