Confirm the following cash flow and income statement are correct>>>>>>

Prepare a statement of cash flows for the month ending September 30. Prepare an income statement for the month ending September 30.

Prepare an income statement for the month ending September 30.

Prepare a statement of cash flows for the month ending September 30.

Date + + 9/1 9/1 9/5 9/8a. DANA'S IMPORTS Effect of Transactions on Financial Statements Using Horizontal Statements Model Balance Sheet Income Statement Assets = Liabilities + Stockholders' Equity Statement of Cash Net Accounts Flows Accounts Cash Common Revenue Retained Expenses + Inventory Receivable Income = Payable Stock Earnings 49,000 + 49,000 + 49,000 FA 32,500/= 32,500+ (750)| + 750/= (750) OA 19,000 + = 19.0001 19,000 19,000 (11,250) = (11,250) 11.250 (11,250) + (600) = (600)| + = (31,262) + (638) = (31,900) + + = (31,262) OA 19,000+ (19,000)| + 19,000 OA (3,250)| + (3,250) 3,250] = (3,250) (3,250) OA $ 32,738 + $ 0 + $ 20,762 = $ 0 + $ 49,000 + $ 4,500 $ 19,000 $ 14,500 = $ 4,500 $ 32,738 NC + + + + + + + = + + = + + + + 9/8b. 9/8c. 9/10 9/20 + + + + + + 9/30 Total DANA'S IMPORTS Income Statement For the Month Ended September 30, Year 1 Net sales $ 19,000 Cost of goods sold (11,250)| Gross margin 7,750 Operating expenses Selling and administrative expense (3,250) Net income $ 4,500 DANA'S IMPORTS Statement of Cash Flows For the Month ended September 30, Year 1 Cash flows from operating activities Inflow from customers $ 19,000 Outflow for inventory (31,262) Outflow for selling and administrative expense 3,250 $ (9,012) Net cash flow from operating activities Cash flows from investing activities: Cash flows from financing activities: Inflow from stock issue 49,000 49,000 39,988 Net cash flow from financing activities Net change in cash Plus: Beginning cash balance Ending cash balance $ 39,988