please do statement of cash flows

Sales revenue (net) Cost of goods sold Gross profit 53,789 48,524 Operating expenses: Selling expenses General & administrative expenses Depreciation expense Total operating expenses 1,178 24,047 1,517 (26,742) 21,782 Operating Income Other items: Interest expense Gain on sale of equipment (3,681) 300 (3,381) 18,401 Net Income Balance Sheet As of December 31st, 2019 ASSETS Current assets: Cash Accounts receivable Less: Allowance for doubtful accounts Inventory Supplies Prepaid insurance Prepaid rent Prepaid advertising 440,518 42,172 40,485 10,005 924 650 3,370 402 496,354 Total current assets Long-term assets: Equipment Less: Accumulated depreciation 19,600 Total long-term assets 18,783 515,137 TOTAL ASSETS LIABILITIES Current Liabilities: Accounts payable Interest payable Salaries payable Dividends payable 1,540 3,000 4,500 750 9,790 Total Current Liabilities Long-Term Liabilities 100,000 Bonds payable Less: Unamortized bond discount 92,695 102485 Total Liabilities STOCKHOLDERS' EQUITY Common Stock Retained Earnings 395,000 17,652 412,652 Total Stockholders' Equity TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 515,137 Trial Balanee As of December 31, 2019 January 1st, 2020 Debit Adjusting Adjusted Unadjusted Debit Debit Credit Debit Credit Credit Accounts Cash Accounts Receivable llowance for Doubtful Accounts Credit 440,518 42,172 440,518 2,17 440,518 1,687 1,68 1,68 924 1,540 3,370 13.480 964 Rent 40 Prepaid Advertising Inventory 10,005 19,600 ment 19,600 817 1,54 817 3,000 681 ccumulated tion 1,540 3,00 1,540 Interest Payable 100,000 Bonds Payable Bond Discount Salaries Payable Dividends Payable Common Stock Retained Eamings Sales Revenue 7.985 7,304 7,304 4.50 4,500 75 395,000 395,000 14,650 398 14,65 39,87 733 Sales Discounts Cost of Goods Sold 5,265 1,687 Interest Expense Salaries Expense 1,687 3,681 4,500 562 4,500 Insurance Expense Rent Expense Supplies Expense Depreciation Expense Gain on Sale of Equipment 10,110 616 817 10,110 616 1,517 75 Dividends TOTAL 750 25,973 562,116 524,945 524,945 551,362 551,362 25,973 Statement of Cash Flows For the year ended December 31st, 2019 Cash Flows from Operating Activities Net Income Adjinstments for noncash effects Depreciation expense Bad debt expense Amortization of bond discount Gain on sale of equipment Changes in current assets and curent liabilities: Increase in accounts receivable Increase in inventory Increase in supplies Increase in prepaid insurance Increase in prepaid rent Increase in prepaid advertising Increase in accounts payable Increase in interest payable Increase in salaries payable Net cash flows for operating activities Cash Flows from Investing Activities Purchase of equipment Proceeds from sale of equipment Net cash flows for investing activities Cash Flows from Financing Activities Issuance of common stock Proceeds from bond issuance Payment of dividends Net cash flows from financing activities Net increase in cash Beginning cash balance, Jan.1 Ending cash balance, March 31 treats, and also provides a fall range of pet care services, including grooming, dog-walking, and boarding The following transactions occurred during the first twelve months of operations: January 1st February 8th March 1st March 31st April 1st April 10th May 15th May 30th une 1st June 30th 395,000 4,250 3,900 13,480 22,000 1,540 11,020 12,625 964 Common stock is issued in exchange for cash in the amount of. The company purchases and pays for 170 units of gourmet dog food at a price of $25 per unit The company pays cash for a one-year insurance policy in the amount of Rent on a retail space for 12 months is paid in the amount of Grooming and boarding equipment with a usefal life of 2 years is purchased for cash in the amount of Grooming supplies purchased on account in the amount of The company purchases and pays for another 380 units of gourmet dog food at a price of $29 per unit .. Grooming services are performed on account in the amount of The company pays for advertisements to be run for the next 12 months in the amount of The company issues a 5-year bond with a face value of $100,000 and a stated annual rate of 6%. 100,000 14,522 Interest is due on June 30th each year. The market rate is 8% on the date of issuance . July 25th July 31st Dog-walking services are performed on account in the amount of 105 units of gourmet dog food are sold for $70 per unit with terms 2/10, n/30. The sale is recorded using 7,350 6,380 6,617 6,345 1,350 the gross method in the amount of (see note c for cost flow assumptions). August 2nd Boarding services are provided on account in the amount of The company receives full payment from the customer for the July 31st sale August 6th September 15th September 29th Pet sitting services are performed on account in the amount of Customer payments are received for services previously provided in the amount of 100 units of gourmet dog food are sold for $73 per unit with terms 2/10, n/30. The sale is recorded using the gross method in the amount of The company receives payment for half of the October 13th sale Equipment originally purchased on April 1st for $2400 is sold for $2000 cash A bookkeeper is hired to help the company with daily accounting taxes and annual tax preparation The bookkeeper is paid $4,500 for the previous month's services October 13th 7,300 October 29th November 1st November 15th December 15th 3,650 Additional information: a. Grooming supplies on hand at the end of the month are as follows: b. The year-end balance reported at the end of the year for the Allowance for Doubtfal Accounts 924 is estimated as 4% of outstanding receivables at the end of the year Liviu Happy Pets Trial Balance As of December 31, 2019 Unadjusted Adjusti Adjusted January Ist, 2020 Debit Credit Debit Credit Debit Credit Credit 440,51 Receivable 440,51 440,51 Allowance for Doubtful Accounts 1,687 Prepaid Insurance 1,540 3,250 65 13,480 ulated Depreciation nts Payable 817 1,540 1,540 Interest Payable Bonds Payable Bond Discount Salaries Payable 7,94 4,50 Dividends Payable ommon Stock Retained Earni Sales Revenue Service Revenue Sales Discounts gs 733 5,265 ost of Goods Sold Bad Debt Expense 1,687 3,68 1,687 3,681 nterest Ex 562 Insurance Ex Rent Ex 10,110 lies Ex 817 Gain on Sale of Equipment Dividends 750 524,945 25,97 25,973 551,362 551,362 TOTAI