Given a 3-Year Balance Sheet and a 2-year income statement for Customs, Inc. Create a Cash Flow Statement for Customs for 20X1 and 20X2

Balance Sheet Gotham as of 12/31 20x1 20X2 20x0 ASSETS: Cash Accounts Receivable Supplies Inventory Investment Equipment Accumulated Depreciation BV of Equipment 80,500 33,000 110,000 40,000 3,000 20,000 25,000 100,000 15,000 85,000 283,000 100,000 25,000 5,000 15,000 100,000 10,000 90,000 235,000 10,000 20,000 172,000 20,000 152,000 295,500 TOTAL ASSETS LIABILITIES Accounts Payable Notes Payable Bonds Payable Interest Payable 20,000 75,000 100,000 7,500 202,500 35,000 100,000 125,000 100,000 5,000 165,000 TOTAL LIABILITIES 200,000 OWNERS EQUITY 53,000 30,000 83,000 283,000 Stock Retained Earnings TOTAL OE TOTAL LIABILITIES & OF 20,000 70,000 235,000 40,000 93,000 295,500 Income Statement ABC Company for 20X2 20x1 Revenues COGS Gross Profit 20x2 80,000 100,000 50,000 50,000 60,000 20,000 Interest Expense Depreciation Expense Supplies Expense 2,000 5,000 2,000 8,000 5,000 5,000 Net Income 11,000 $