Operating budget Q2 Y1 Cash Flow Budget Q2 Y1 Revenue 232,000 Operating activities Cost of goods sold 158,000 Investing activities 37,712 0 Gross profit 74,000 Financing 80,000 Operating expenses 29,166 Net increase in cash 117,712 Operating profit, EBIT 44,834 Beginning cash 105,000 Financial revenue and expenses 0 Beginning overdraft Profit before tax 44,834 Ending cash 222,712 Net income 33,626 Ending overdraft