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Given the following information, prepare an income statement, balance sheet, and statement of cash flows: Revenue: $150,000 Cost of Goods Sold: $60,000 Operating Expenses: $30,000

Given the following information, prepare an income statement, balance sheet, and statement of cash flows:

  • Revenue: $150,000
  • Cost of Goods Sold: $60,000
  • Operating Expenses: $30,000
  • Interest Expense: $5,000
  • Dividends Paid: $10,000
  • Beginning Cash Balance: $20,000
  • Ending Cash Balance: $25,000
  • Accounts Receivable: $15,000
  • Accounts Payable: $8,000
  • Long-term Debt: $50,000

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