Problem $1$: Maria Sanchez, an accountant by trade, moonlights as a personal trainer. Maria is curious about her cash inflows and outflows from her personal work for the month of February. Using the following information, prepare a statement of cash flows for Maria $($make sure you have all three sections of the cash flow statement$).$ In excel form.

Cash for Supplies Inventory $$500$

Cash for Advertising $$400$

Cash Paid for Equipment $$900$

Cash Received from Bank Loan $$1,000$

Cash Paid for Insurance $$700$

Cash Received from Customers $$2,200$

Cash Paid for Taxes $$400$

Cash Balance, $2/1-$ beginning of the month $$500.$

Problem $2$:

Use the following abbreviations to indicate on which statement you would find each item below. Some items may appear on more than one statement. Include all abbreviations that would apply $($might be more than one$).$ In excel form.

IS: Income statement

SRE: Statement of retained earnings

BS: Balance sheet

$\_\_\_\_$ Sales

$\_\_\_\_$ Vehicles

$\_\_\_\_$ Gain on sale of land

$\_\_\_\_$ Retained earnings

$\_\_\_\_$ Utilities Expense

$\_\_\_\_$ Capital stock

$\_\_\_\_$ Dividends paid

$\_\_\_\_$ Loss on sale of investment

$\_\_\_\_$ Income tax expense

$\_\_\_\_$ Net income

$\_\_\_\_$ Cash