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Question 1 Item 2019 2020 Sales 258,500 Interest Income 6,200 Rent Expense 11,000 Tax Payable 1,500 2,100 Interest Payable 2,800 2,100 Electricity Expense 2,500 Prepaid

Question 1

Item

2019

2020

Sales

258,500

Interest Income

6,200

Rent Expense

11,000

Tax Payable

1,500

2,100

Interest Payable

2,800

2,100

Electricity Expense

2,500

Prepaid Expenses

5,200

7,100

Doubtful Debts Expense

3,100

Accounts Payable

21,900

18,300

General Expenses

26,000

Insurance Expense

3,200

Inventory

71,500

69,100

Interest Expense

11,100

Depreciation Expense - Buildings

21,000

Interest Receivable

200

450

Sales Returns

4,800

Accounts Receivable

41,600

47,500

Discount Received

9,100

Wages Expense

31,900

Expenses Payable

5,700

6,200

Cost of Sales

91,300

Discount Allowed

3,700

Tax Expense

12,500

Depreciation Expense Equipment

9,100

Required

Complete the cash flow statement on page 5 of this document. Please show your calculations on the document. You can take a photo of your calculations if you do them by hand and then insert the photo into this document, but I want to see your calculations as well as your answers to both questions.

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