Q-1: a- Prepare a Balance Sheet and Cash Flow Statements for Adams Pharmaceuticals. Cash $15,000 Investments $30,000 Land 70,000 Salary Payable 3,000 Tools 30,000 Buildings 52,000 Machinery 80,000 Office Furniture 45,000 Notes Payable 17,000 Revenues 70,000 Capital 60,000 Cash Balance (previous month): 15,000 Cash increase due to Revenue: 17000 Collection for Sale of Tools: 75,000 Building purchased: 17,500 Purchase of Land: 10500 Cash increase due to Revenue: Adams 17000 Investment: 1500 Expenses paid in Cash: 510