motoren Asuceb ches bt ascast ale Pane The accountant for Scott Industries prepared the following list of accounting equation element balances from the company's records for the year ended December 31: Fees earned $165.000 Cash $30,000 Accounts receivable 14,000 Selling expenses 44,000 Equipment 64,000 Scott, capital 27,000 Accounts payable 12.000 Interest revenue 3,000 Salaries and wages expense 40,000 Prepaid rent 2,000 Income tax payable 5,000 Income tax expense 18,000 Notes payable 20,000 Rent expense 20,000 8. Based on the information for Scott Industries, is it profitable? Explain your answer 9. What are the three sections of the statement of cash flow