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Graphene Plastics Company imports graphite from Australia for conversion to graphene to make hockey sticks in Canada. As CEO, you are busy preparing a loan

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Graphene Plastics Company imports graphite from Australia for conversion to graphene to make hockey sticks in Canada. As CEO, you are busy preparing a loan application, which asks for a cash flow statement for the most recent fiscal period. You have the following financial information GRAPHENE PLASTICS COMPANY Comparative Statement of Financial Position Oct. 31, 2020 Oct. 31, 2019 Assets Cash Accounts receivable (net) Inventory Total current assets Equipment Accumulated depreciation Total Assets Liabilities and shareholders' equity Current liabilities: $76,600 120,300 209.700 406,600 298.900 (145,400 $79,300 135,800 176,700 391.800 230,000 (170.800 $451.000 $560.100 Graphene Plastics Company imports graphite from Australia for conversion to graphene to make hockey sticks in Canada. As CEO, you are busy preparing a loan application, which asks for a cash flow statement for the most recent fiscal period. You have the following financial information GRAPHENE PLASTICS COMPANY Comparative Statement of Financial Position Oct. 31, 2020 Oct. 31, 2019 Assets Cash Accounts receivable (net) Inventory Total current assets Equipment Accumulated depreciation Total Assets Liabilities and shareholders' equity Current liabilities: $76,600 120,300 209.700 406,600 298.900 (145,400 $79,300 135,800 176,700 391.800 230,000 (170.800 $451.000 $560.100

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