Nestle company reported the following income statement for the year ended June 30, 2018. Their financial figures are given below in dollor. 2018 91 439 Sales Other revenue Cost of goods sold Distribution expenses Marketing and administration ponses Flossarch and development costs Other trading income Other trading expenses Trading operating profit 311 146 0701 14691 120 003 11 6873 37 11 7691 13 789 Other operating income Other operating expenses Operating profit 2535 125721 13 752 Financial incorn Financial ex Profit before taxes, associates and joint ventures 247 11 008 12 991 TA Income from asociates and joint ventures Profit for the year 13 439) 910 10 468 Suppose, Nestle incurred the following more transaction from July 1, 2018 to December 31, 2018. 1. Invested more $ 100,000 and other transactions for the month are: 2. Purchase Furniture for Cash 7,000. 3. Purchase Goods for Cash 2,000 and for Credit. 1,000 from Khalid Retail Store. 4. Acquired a building for $5,000 on cash. 5. Sold Goods (revenue) to Khan Brothers 12,000 and Cash Sales 5,000. 6. Owner withdrew of worth 2,000 for personal use. 7. Purchased land for $2,000 on credit. 8. Paid utility bills $ 250 9. Paid Salaries Expense $2,000 10. Bought furniture for $1,500 on credit. Required: Considering the above given Income statement and transactions from July 1, 2018 to December 31, 2018 of Nestle company, Is it possible that a firm earns net income even though getting run out of cash?" Discuss this statement in details