PART I: STATEMENT OF CASH FLOWS- Value: 32 points Prepare the Statement of Cash Flows based on the information sent by BlueOne Corp.

BlueOne Corp Income Statement

2022 2021 Sales revenue $24,000 $27,750 Cost of goods sold 13,500 13,000 Gross Profits 10,500 14,750 Selling expense 800 1,325 General and administrative expense 1,900 2,300 Depreciation expense 325 300 Total Expenses 3,025 3,925 Operating profits 7,475 10,825 Interest expense 925 1,300 Net profit before taxes $ 6,550 9,525 Taxes 1,376 2,000 Net profit after taxes $ 5,174 $ 7,525

COMPLETE THE FOLLOWING AND THEN CONSTRUCT THE STATEMENT OF CASH FLOWS

BlueOne Corp Balance Sheet

For the Years Ended December 31, 2022 and 2021

_____________________ Assets 2022 2021 _____________________Change (source or Use)__ Cash $ 200 $ 300 _____ Marketable securities 3,200 3,500 _____ Accounts receivable 3,600 3,000 _____ Inventory 3,380 5,100 _____ Total Current Assets 10,380 $11,900 _____ Fixed assets Buildings 5,200 5,975 _____ Machinery 1,995 2,500 _____ Equipments 700 1,900 _____ Gross- total fixed assets 7,895 $10,375 _____ Less Acc. Depreciation 3,050 2,725 Net fixed assets 4,845 7,650 _____ Total assets $15,225 $19,550 Liabilities and Equity ______________________ Accounts payable $ 725 $ 400 _____ Notes payable 1,075 1,945 _____ Accruals 525 1,100 _____ Total Current Liabilities 2,325 3,445 Long-term debts 7,300 11,000 _____ Total Liabilities 9,625 14,445 Common stock at par 2,900 2,805 _____ Paid-in capital in excess of par 700 600 _____ Retained earnings 2,000 1,700 Total Equity 5,600 5,105 Total liabilities and equity $15,225 $19,550

REQUIRED: A. Prepare a Statement of Cash Flows for the year ended December 31, 2022 for the corporation, organized by cash flow from operating activities, cash flow from investment activities, and cash flow from financing activities. (Value: 26) B. Compute the cash dividends paid, if any. (3 points) C. Evaluate each part of the statement with a minimum of two sentences each. (3 points) 1. Operating activities 2. Financing Activities 3. Investing Activities