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Tho cywner of Ebert Coffee Roasters Corp. seeks ymJr advice as to whether ho should cease operations or continue tho business. The following financial statements nave Deen propweu 2022 Click to view the income statement) (Click to view tho statement of retained earnings ) (Click to view the balance sheet) (Click to view the statement of cash flows,) Read the tequymmenV To Owner of Ebert Coffee Roasters Corp Sublect Opmon Of net income. dividends. Onancial position. and cash lows, 277500 and net income was return on Your 191900 successful Your first month o! operations was These operating resufts look Revenues totaled The cMnpany anvestment able to pay a drvtdend, wh.ch should make you very Your financial position looks stockholders' equity is secure as your which iS as companies pretor to have their largest source Operating actrvlties generated cash 0' c' cash corne from operatong activities. You endod tho month with cash of Based on the above facts. you Should me Statement Month Ended August 31. Revenue: Service revenue Expenses: Salary expense Utilities expense Rent expense Total expenses Net income (loss) Balance Sheet Assots Cash Office supplies Equipment Total assots 2022 78.700 5.300 1.600 Statement of Retained Earnings Ebert Coffoo Roasters Corp. Statomont Of Retained Earnings 277.500 Month Endod August 31 2022 Retained earnings. August 1, 2022 Add: Net income Subtotal Loss: Dividends 85.600 Retained earnings. August 31 Ebon Coff00 Roasters Corp. 191,900 191,900 (2,000) 109.900 2022 Statement of Cash Flows Ebert Coffee Roastors Corp. Statement ot Cash Flows Month Ended August 31 , 2022 Cash flows from operating activities: Net income Adjustments to reconcile net income to cash provided by operations Net cash provided by operating activities Cash flows from investing activities: Acquistion of equipment Net cash used for investing activities Cash flows from financing activities: Issuance (sale) or stock to owners Payment of dividends Not cash provided by financing activites (204,900) 19,500 (2.000) 191,900 193.100 (204.900) 17,500 5.700 Balance Shoot August 31.2022 Accounts poyablo Liabilitios 5,100 7.500 204,900 Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' oquity 8,700 '9.500 189.900 209.400 218.100 Net increase in cash Cash balance, August 2022 Cash balance. August 31.2022 print Done