Prepare, in good form, a Sources and Uses of Funds Statement, Cash Reconciliation, and any required sub schedules.

ABRAHAMS MANUFACTURING COMPANY 2019 AND 2020 BALANCE SHEETS
	2019	2020			2019	2020
Cash	$ 89,000	$100,000		Accounts Payable	$ 85,000	$ 90,000
Accounts Receivable	64,000	70,000		Accrued Liabilities	68,000	63,000
Inventory	112,000	100,000		Total Current Liabilities	$153,000	$153,000
Prepaid Expenses	10,000	10,000		Mortgage payable	70,000	0
Total Current Assets	$275,000	$280,000		Common Stock	205,000	325,000
Net Plant & Equipment	$198,000	$245,000		Retained Earnings	45,000	47,000
Total Assets	$473,000	$525,000		Total Liabilities & Equity	$473,000	$525,000

ABRAHAMS MANUFACTURING COMAPNY

2020 INCOME STATEMENT

Sales (all credit)	$ 184,000
Cost of Goods Sold	60,000
Gross Profit	$ 124,000
Selling General & Admin Exp.	44,000
Depreciation	26,000
Operating Income (EBIT)	$ 54,000
Interest Expense	4,000
Taxable Income (EBT)	$ 50,000
Taxes (34%)	16,000
Net Income	$ 34,000