prepare a statement of cash flow and describe the strengths and weaknesses

1. At the end of 2003, the Carillon Project has $125,000 in accumulated depreciation and $100,000 in retained earnings. Sales Notes Payable Tax Rate Gross Fixed Assets Total Current Liabilities Interest Expense Cash Accounts Payable COGS Total Current Assets Total Liabilities I Net Income General, Selling and Administrative Expenses Accounts Receivable Addition to Retained Earnings 2004 $350,000 20,000 40% $750,000 130,000 20,000 20,000 80,000 40% of Sales 130,000 300,000 36,000 10% of Sales 2005 $450,000 50,000 40% $1,100,000 170,000 30,000 30,000 60,000 30% of Sales 180,000 340,000 42,000 10% of Sales 40,000 20,000 60,000 30,000