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Please compile the Cash Flows for Operating Activities for Eggrolls and Tacos Eggrolls and Tacos Comparative Balance Sheets For the Years ended Dec 31 and

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Please compile the Cash Flows for Operating Activities for Eggrolls and Tacos Eggrolls and Tacos Comparative Balance Sheets For the Years ended Dec 31 and 20x1 and 20x2 ASSETS 20x2 20x1 Current assets Cash $ 664,000 $ 500,900 Accounts receivable 375,000 345,000 Inventories 150,000 160.000 Prepaid expenses 35,000 25,000 Total current assets $ 1,224,000 $ 1,030,900 Property, plant & equip. Land $ 300,000 $ 400.000 Building 700,000 700.000 Equipment 530,000 450,000 $ 1,530,000 $ 1,550,000 Less: Accumulated depreciation (300,000 (270,000) Total property, plant & equipment $ 1,230,000 $ 1.280.000 Total assets $ 2,454,000 $ 2,310,900 LIABILITIES Current liabilities Accounts payable $ 112,000 $ 165.000 Interest payable 2.000 12.900 Total current liabilities $ 114,000 $ 177,900 Long-term liabilities Long-term note payable 80,000 Total liabilities $ 194,000 $ 177.900 STOCKHOLDERS' EQUITY Common stock ($1 par) $ 700,000 $ 700.000 Paid-in capital in excess of par 800,000 800,000 Retained earings 760,000 633.000 Total stockholders' equity 2,260,000 2,133,000 Total Liabilities and equity $ 2,454,000 $ 2,310,900 The income statement for the year ending December 31, 20x2, included the following selected amounts: Sales $ 2,500,000 Cost of goods sold 1,125,000 Salaries expense 1,000,000 Advertising expense 150,000 Depreciation expense 30.000 Utilities expense 15.000 Interest expense 5,000 Gain on sale of equipment 8.000 Income tax expense 40,000 Net income 127,000

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