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Correct the cash flow statement 2023 2024 2025 Cash and Cash Equivalents, Beginning of the Year $ 200,000 $ 751,661 $ 1,609,153 Operating Activities: Net
Correct the cash flow statement
| 2023 | 2024 | 2025 | |
| Cash and Cash Equivalents, Beginning of the Year | $ 200,000 | $ 751,661 | $ 1,609,153 |
| Operating Activities: | |||
| Net Income | 676,833 | 594,583 | 2,285,880 |
| Adjustments To Reconcile Net Income To Cash Generated By Operating Activities | |||
| Deprecation and Amortization | 25,328 | 23,784 | 22,112 |
| Changes in Operating Assets and Liabilities: | |||
| Operating Expenses | |||
| Wages | 598,339 | 760,008 | 760,008 |
| Cost of Goods | 30,000 | 30,000 | 30,000 |
| Other Operating Expenses | 150,000 | 155,000 | 210,000 |
| Accounts Receivable, Net | - | - | - |
| Inventories | - | - | - |
| Accounts Payable | - | - | - |
| Cash Generated by Operating Activities | 1,480,500 | 1,563,375 | 3,308,000 |
| Investing Activities: | |||
| Marketing | (100,000) | (100,000) | (150,000) |
| Property and equipment | (80,000) | (85,000) | (90,000) |
| Cashed used in Investing Activities | (180,000) | (185,000) | (240,000) |
| Financing Activities: | |||
| Borrowing Long Term Debt | 200,000 | - | - |
| Net Cash Flow from Financing Activities | 200,000 | - | - |
| Cash and Cash Equivalents, End of Year | $ 1,500,500 | $ 1,378,375 | $ 3,068,000 |
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