DA 10 Financial Statement Preparation and Closing Entries 1000 CASH Description JE# Debits Credits Balance Date Beginning Balance Jan. 30 Sale of stored grain 120,000 $ 5,186 125,186 121,586 71,586 3,600 Income tax payment Feb. 1 Mar 1 To record interest and principal payment 50,000 Sale of truck 5,000 76,586 Apr. 10 Apr. 15 Purchase of new truck 44,586 39,586 32,000 5,000 7,200 5,200 June 1 July 1 Aug. 1 32,386 Payment for herbicide Payment of real estate and property taxes Payment of insurance premium for next 12 months Operating loan Employee paycheck FICA, FIT, FUTA, SUTA taxes paid 27,186 37,186 25,186 10,000 Oct. 1 Dec. 31 Apr. 10 12,000 2,586 22,600 5-5. Using the cash account below, prepare a statement of cash flows. The pay- ment on March 1 included $5,000 of interest paid