Green-All Landscaping Company maintains its books on a cash basis. However, the company recently borrowed $140,000 from a local bank, and the bank requires Green-All to provide annual financial statements prepared on an accrual basis. During the current year the following cash flows were recorded:

Cash collected for: Services to customers		$ 400,000
Cash paid for:
Salaries	$ 188,000
Supplies	16,000
Rent	72,000
Insurance	6,000
Miscellaneous	24,000	306,000
Net operating cash flow		$ 94,000

You are able to determine the following information about accounts receivable, prepaid expenses, and accrued liabilities:

	January 1	December 31
Accounts receivable	$ 44,000	$ 28,000
Prepaid insurance	1,200	1,800
Supplies	2,600	4,000
Accrued liabilities (for miscellaneous expenses)	6,000	8,400

In addition, you learn that the bank loan was dated September 30 of the current year with principal and interest at 8% due in one year. Depreciation on the companys equipment is $9,600 for the year.

Answer in excel