DATA FOR STATEMENT OF CASH FLOWS Bank Loan Proceeds $ 20,000 Inventory purchases $ 50,000 Principal payment on operating loan $ 1,200 Advertising Expense paid in current month $ 3,200 Sales on credit with payment due in 40 days $ 12,800 Additional Owners Investment $ 12,000 Purchase of New Computer System $ 40,000 Wages $ 4,800 Sales Tax collected $ 5,080 Rent $ 1,600 Interest Payment on operating loan $ 1,000 Other General and Administrative expenses paid. $ 3,000 Sales by credit/debit cards $ 56,000 Depreciation Expense $ 2,000 Cash Sales $ 4,800 Sales Tax Remitted to State of Iowa $ 5,200 Gas and electric utilities $ 400 Beginning Cash Balance $ 30,000 Collection on Accounts Receivable $ 12,000 DATA FOR INCOME STATEMENT AND BALANCE SHEET Accounts Interest Expense $ 2,000 Accounts Payable $ 78,000 Revenues $ 625,000 Utilities Expense $ 6,000 General Insurance Expense $ 4,000 Accounts Receivable $ 22,000 Sales Tax Payable $ 7,800 Cash $ 125,000 Inventory $ 120,000 Land $ 200,000 Cost of Goods Sold $ 375,000 Payroll Expense $ 180,000 Professional Fees Expenese $ 5,000 Supplies Expense $ 2,500 Buildings $ 700,000 Vehicles owned $ 90,000 Accumulated Depreciation $ 80,000 Credit Card balance $ 13,000 5-Year Bank Note Balance Outstanding $ 675,000 Depreciation Expense $ 8,000 Vehicle Expense $ 4,000 Bank Service Charges $ 500 Miscellaneous Expenses $ 3,000 Health Insurance Expense $ 28,000 Owners Equity $ 403,200