Jsing the sole proprietorship statements on the last tab, answer the following questions: Using just the information from the Income Statement, what is the cash flow from operations? Show your calculations here: The following are financial statements for an unincorporated business. To the right is additional information you will use to create financial statements for an incorporated business (a corporation). Create the statements in good format. See the rubric for exact requirements. \begin{tabular}{|c|c|} \hline \begin{tabular}{r} Sta \\ Year \end{tabular} & \begin{tabular}{l} rimson Contracting \\ ment of Owner's Equity \\ nded December 31,2022 \end{tabular} \\ \hline \begin{tabular}{l} K. Smeltz, Capital, January 1, 2022 \\ Add: Net Income \end{tabular} & \begin{tabular}{r} 31,585 \\ 99,503 \\ 131,088 \end{tabular} \\ \hline \begin{tabular}{l} Less: drawings \\ K. Smeltz, Capital, December 31, 2022 \end{tabular} & \begin{tabular}{l} 39,400 \\ 91,688 \\ \end{tabular} \\ \hline \end{tabular} F G H 1 K L N Crimson Contracting Balance Sheet As at December 31, 2022 Assets Current Assets Cash Accounts receivable Note receivable Interest receivable Supplies Prepaid insurance Total Current Assets $ 26,650 19,240 4,150 1,328 1,890 4,300 57,558 Property, Plant and Equipment Furniture Less: Accumulated Depreciation Total Assets \begin{tabular}{lrr} $5 & 85,650 & \\ 24,060 & 61,590 \\ \hline & $119,148 \\ \hline \end{tabular} Liabilities and Owners' Equity Current Liabilities Accounts payable Salaries payable Unearned revenue Total Liabilities Owner's Equity K. Smeltz, Capital Total Liabilities and Owner's Equity \begin{tabular}{|c|c|c|} \hline & $ & 26,650 \\ \hline & & 19,240 \\ \hline & & 4,150 \\ \hline & & 1,328 \\ \hline & & 1,890 \\ \hline & & 4,300 \\ \hline & & 57,558 \\ \hline 85,650 & & \\ \hline 24,060 & & 61,590 \\ \hline & $ & 119,148 \\ \hline & $ & 19,050 \\ \hline & & 5,540 \\ \hline & & 2,870 \\ \hline & & 27,460 \\ \hline & & 91,688 \\ \hline & $ & 119,148 \\ \hline \end{tabular} Financial Statements Questions