prepare a statement of cash flowsQ$1.$ Prepare a Statement of Cash Flow

Income Statement

Sales Revenue

Sales Returns & Allowances

Net Sales

Cost of Goods Sold

Gross Margin

Wages & Salary Expense

Utility Expense

Marketing Expense

Interest Expense

Amortization

Depreciation

Operating Income

Loss on Sale of franchise rights

Income Tax Expense

Net Income

Statement of Retained Earnings

Beg. Retained Earnings

Plus Net Income

less Dividends Declared

End. Retained Earnings

Statement of Cash Flows$-$Year ending $2020$

Cash Flows from Operations:

Net Income:

add back non$-$cash expenses:

Amortization

Depreciation

subtract gains, add losses:

loss on sale of franchise rights

subtract uarr in current assets:

uarr in Accounts Receivable

add darr in current assets:

darr in inventory

darr in Prepaid Insurance

add uarr s in current liabilities:

uarr in Accounts Payable

subtract darr in current liabilities:

darr in wages Payable

darr in Unearned Revenue

Net Cash flow from Operations:

Cash flow from Investments:

Cash from sale of Franchise Rights

Cash used to purchase Equip.

Cash from sale of land

Net Cash flow from Investments:

Cash flow from Financing:

Cash to darr ST Note Payable

Cash from uarr of LT Note Payable.

Cash from issuance of Common Stk$.$

Cash used to pay dividends

Net Cash flow from Financing:

Total Change in Cash