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Three sisters formed a partnership, SkinDeep, to sell skincare products made from organic ingredients. They have been operating for one year. The bank balance
Three sisters formed a partnership, SkinDeep, to sell skincare products made from organic ingredients. They have been operating for one year. The bank balance at the end of the year is $48,980. A summary of business transactions is as follows: Sales to customers Receipts from customers Payments for inventory Payments for electricity, telephone, rent and insurance Purchase of a motor vehicle Drawings Payment of interest Loan proceeds Interest received Income taxes paid Equity injection Prepare a statement of cash flows. $256,000 216,000 108,000 5,000 30,000 55,000 8,000 19,000 980 3,000 22,000 (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Do not leave any answer fields blank; instead entero as the amount.)
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