each sheet has it is own solution but all they have the same additional info, also the 2 questions belong to the same problem.
write it down or do it on an excel so I can read it. also put every sheet solution under the right sheet.
Corporate Financial Statements The following are financial statements for an unincorporated business. To the right is additional information you will use to create financial statements for an incorporated business (a corporation). Create the statements in good format. See the rubric for exact requirements. Crimson Contracting Income Statement Year ended December 31, 2022 Revenues Consulting revenue Interest revenue Total Revenue Operating Expenses \begin{tabular}{lrr} Salaries expense & $ & 68,680 \\ Rent expense & 56,680 \\ Depreciation expense & 7,480 \\ Utilities expense & 3,880 \\ Insurance expense & 8,472 \\ Supplies expense & \multicolumn{3}{c}{3,080} & \\ Total Operating Expenses & & 148,272 \\ \hline Net Income & & $99,383 \\ \hline \end{tabular} Crimson Contracting Statement of Owner's Equity Year ended December 31, 2022 K. Smeltz, Capital, January 1, 2022 Add: Net Income $31,82599,383131,208 \begin{tabular}{l} Less: drawings \\ K. Smeltz, Capital, December 31, 2022 $39,430 \\ \hline \end{tabular} Crimson Contracting Balance Sheet As at December 31, 2022 Assets Current Assets \begin{tabular}{lr} Cash & \\ Accounts receivable & $6,680 \\ Note receivable & 19,270 \\ Interest receivable & 4,180 \\ Supplies & 1,358 \\ Prepaid insurance & 1,920 \\ Total Current Assets & 4,330 \\ \cline { 2 - 2 } & 57,738 \end{tabular} Property, Plant and Equipment Liabilities and Owners' Equity Current Liabilities Instructions Attestation Rubric Financial Statements Questions \begin{tabular}{lrrr} Supplies & & 1,920 \\ Prepaid insurance & & 4,330 \\ Total Current Assets & & \\ & & \\ Property, Plant and Equipment & & \\ Furniture & $ & 85,680 & \\ Less: Accumulated Depreciation & 24,090 & 61,590 \\ \hline Total Assets & & $119,328 \\ \hline \hline \end{tabular} Liabilities and Owners' Equity Current Liabilities Accounts payable Salaries payable Unearned revenue Total Liabilities Owner's Equity K. Smeltz, Capital Total Liabilities and Owner's Equity 91,778$119,328 With the following information, prepare these same statements as if it were a corporation 1. The corporation's name is Crimson Consulting Inc. 2. The total amount of common shares is: 3. Dividends paid in 2022 amounted to: 4. Opening retained earnings for the year was: $$$17,00039,43014,825 Using the sole proprietorship statements on the last tab, answer the following questions: 1. Using just the information from the Income Statement, what is the cash flow from operations? Show your calculations here: 2. Now using the information from the Balance Sheet, indicate below whether each of the following will INCREASE or DECREASE cash flow from operations. Use thergrop down list to select your answer. 2. Now using the information from the Balance Sheet, indicate below whether each of the following will INCREASE or DECREASE cash flow from operations. Use the drop down list to select your
