Income Statement. Income. Gross sales. 100,000,000 dollars. Sales returns and allowances. Expense of 1500,000 dollars. Net sales. 98500,000 dollars. Cost of goods sold 35,000,000 dollars. Gross profit. 63,500,000 dollars. Dividends- 10% owed US Corp 800,000. Dividends XXX stock owed in Corp own 25% 1,500,000. Gain on sale of XYZ shares 100,000. Interest income. Bonds 250,000. CDs 150,000. Checking account 100,000. Total Income 66,400,000. Salaries CEO 4,500,000. Salaries CFO 1,500,000. Salaries COO 2,500,000. Bad debts 2,000,000. Other salaries and wages 7,5000,000. Taxes state and local all deductible 950,000. Repairs and maintenance 140,000. Legal contingency (not paid) 6,500,000. Loan to purchase bond 250,000. Line of credit 650,000. Research and development expenses 1,500,000. Travel 250,000. Meals 300,000. Entertainment 275,000. Warranty expense (no claims in 2022) 280,000. Advertising 200,000. Lobbying expense 25,000. Book depreciation 600,000. Cash charitable contributions 100,000. Premiums of life insurance for officers 275,000. Loss-trek enterprises stock 350,000. Total expense 30,645,000. Net income before taxes 35,755,000. Federal taxes 7,508,550. Net income per books 28246450. Cash 12-31-2021 $1500000 Whats cash for 12-31-2022