Net income?

APPENDIX A 2021 Cash Transactions for Jacques' Cupcake Shoppe Beginning Cash Balance CASH INFLOWS SO Initial investment $50,000 Cash from customers 410,000 Borrowed cash from the bank 570,000 Total Cash Inflows (receipts) $1,030,000 CASH OUTFLOWS Purchased store (no land just the store) S600,000 Purchase of equipment 21.000 Purchase of furniture 11.000 Interest paid to bank (11 months) 31,350 Cash paid to vendors for baking and other supplies 280,000 Cash paid to Jacques for his salary 40,000 Cash paid to you 5,000 Total Cash Outflows (disbursements) 5988,350 Ending Cash Balance S41.650 APPENDIX B 2021 Cash Transactions for Gilles' Cupcake Bakery Beginning Cash Balance CASH INFLOWS SO Initial investment $75,000 Cash from customers 550,000 Total Cash Inflows (receipts) S625,000 CASH OUTFLOWS Purchase of equipment S24.000 Purchase of delivery truck 30,000 Cash paid to vendors for baking and other supplies 480,000 Cash paid to Gilles for his salary 40,000 Rent payments (15 months) 21.000 Total Cash Outflows (disbursements) $595,000 Ending Cash Balance $30,000