Revenues Consulting revenue Expenses FLASHPOINT CONSULTING LTD. Income Statement For the Year Ended September 30, 2023 Salaries expense Amortization expense Rent expense

Office supplies expense Insurance expense Interest expense Income tax expense Net income $296,000 58,000 14,000 16,000 4,000 4,000 36,000 $548,000 428,000 $120,000

Additional data during fiscal year 2023 includes: a. Acquisition of computer equipment was $232,000. Of this amount, $202,000 was paid in cash and $30,000 by signing a long-term note payable. Flashpoint Consulting Ltd. sold no computer equipment during fiscal year 2023. b. Cash received from sale of land, $20,000. c. Cash received from issuance of common shares, $84,000. d. Payment of long-term note payable, $40,000. e. Payment of dividends, $130,000. f. Change in cash balance, $ ? g. From the comparative balance sheet at September 30: 1. Prepare Flashpoint Consulting Ltd.'s cash flow statement for the year ended September 30,2023 , 1. Prepare Flashpoint Consulting Ltd.'s cash flow statement for the year ended September 30, 2023, using the indirect method. 2. Evaluate Flashpoint Consulting Ltd.'s cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation