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Please help solve. I'm confuse of what the question is asking. 1. Cash T Account Analysis Assume the following information appeared on tax a 201):

Please help solve. I'm confuse of what the question is asking.

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1. Cash T Account Analysis Assume the following information appeared on tax a 201): tax return (see attached) Assignment: use the attached Chart to estimate the sources and uses of cash as well as the total cash that can be compared to activities and balances in known accounts. Form Form Description Transation Type Amount Source Use 1040 Tax Return Wages 25,000 '1040 Tax Return Dividend Income 10,000 1040 Tax Return Business Income 12,500 '1040 Tax Return Capital Gain 2,500 r1040 Tax Return Tax Witholding 1,000 1040 Tax Return Tax Payments (201x) 300 '1040 Tax Return Amount You Owe 500 Sch A Itemized Deductions State & Local Taxes 200 Sch A Itemized Deductions Charitable Gifts 400 Sch C Business Income Sales 42,500 Sch C Business Income Contract Labor 24,000 Sch C Business Income Depreciation 2,500 Sch C Business Income Office 3,000 Sch C Business Income Other 500 Sch C Business Income Net Profit (or Loss) 12,500 Scd D Captial Gain Proceeds 11,000 Scd D Captial Gain Cost 8,500 Scd D Captial Gain Gain Or (Loss) 2,500 4562 Depreciation Purchase of Assets 5,500 4562 Depreciation Writeoff 2,500 N et Ca sh

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