Submit a paper which is 2-3 pages in length (no more than 3-pages), In this paper, in addition to presenting the computed answers, please also discuss how you arrived at each answer the accounting problem asks. The accounting problem presents a companys balance sheet, income statement, and statement of cash flows for a theoretical company, Pollys Pet Products. Each of these statements has blank lines. Determine the values that would be appropriate for each blank line. Provide a narrative of how you arrived at each value. Include in this narrative an explanation of: 1) the financial statement being completed; 2) the account being valued; 3) its relationship to the other financial data.

For example, if the accounts payable (AP) line was missing, describe what a balance sheet is and explain that you can derive the AP value based on knowing all the other values of the current liabilities section. Then explain what an account liability is, as well as why it would belong in the current liabilities section of the balance sheet. Finally, analyze, evaluate, and develop a conclusion about the companys performance based on the completed statements.To complete this assignment, refer to the income statement, balance sheet, and statement of cash flows of Pollys Pet Products.

Please Note:

Superior papers will mention and explain the following elements when responding to the assignment question:

• Provide correct balances for the blank financial account lines.
• Define the financial statement being completed.
• Discuss how the values were determined.
• Define and explain each account line that was completed.
• Analyze, evaluate, and develop conclusions about the companys performance based on the financial information.

Please give explanations as to how you arrived at your answer.

Polly's Pet Products
Statement of Cash Flows as of December 31, 2018
Cash Flows from Operating Activities
Cash received from customers		600 000
Cash paid out to suppliers and employees
Interest paid		(5 000)
Taxes paid		(10 000)
	Net cash provided by operating activities		185 000
Cash Flows from Investing Activities
Purchase of fixed assets		(25 000)
	Net cash used in investing activities		(25 000)
Cash Flows from Financing Activities
New loans		50 000
Repayments on loans		(45 000)
Issuance of common shares of stock		5 000
	Net cash provided by financing activities
	Net change in Cash
	Cash balance, beginning of year		30 000
	Cash balance, end of year

Please scroll to the right the figures are there and they are very clear please.