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Please do the following and show solutions: 1 ) ?cash flow from operating activities 2 ) ?cash flow from investing activities 3 ) ?cash flow
Please do the following and show solutions:
?cash flow from operating activities
?cash flow from investing activities
?cash flow from financing activities
Service revenue Operating expenses: ARLINGTON LAWN CARE Income Statement For the Year Ended December 31, 2021 General and administrative expense $32 Depreciation expense Total operating expenses Income before income taxes Income tax expense Net income Assets Current assets 8 ($ in thousands) $100 40 60 15 $45 ARLINGTON LAWN CARE Balance Sheet At December 31, 2021 Liabilities and Shareholders' Equity Current liabilities: Cash Accounts receivable 52 $54 Accrued liabilities > $ 7 12 Income taxes payable 5 Prepaid insurance 4 Total current liabilities. 12 Total current assets 70 Shareholders' equity: Equipment 40 40 Common stock 50 50 Less: Accumulated depreciation (8) Retained earnings 40 Total assets $102 Total liabilities and shareholders' equity $102
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