January sales = 5,000 units Inventory Units January Income Statement January Balance Sheet January Cash Flow Statement Sales 600,000 Cash 5,215,000 Debt Cash inflows COGS 450,000 Accounts receivable 600,000 Collections of sales Fixed costs 100,000 Inventory 225,000 Equity 6,040,000 2,500 Net income 50,000 Total assets 6,040,000 Total L&E 6,040,000 Cash outflows: Dividends 10,000 Payment for purchases 675,000 Addition to RE 40,000 Payment of fixed costs 100,000 Dividends 10,000 Net cash flow (785,000) February sales = 10,000 units February Income Statement February Balance Sheet February Cash Flow Statement Sales Cash Debt Cash inflows COGS Accounts receivable Collections of sales Fixed costs Inventory Equity Net income Total assets Total L&E Cash outflows: Dividends Payment for purchases Addition to RE Payment of fixed costs Dividends Net cash flow March sales = 20,000 units March Income Statement March Balance Sheet March Cash Flow Statement Sales Cash Debt Cash inflows COGS Accounts receivable Collection of sales Fixed costs Inventory Equity Net income Total assets Total L&E Cash outflows: Dividends Payment for purchases Addition to RE Payment of fixed costs Dividends Net cash flow