The financial statements for the JHJ Book Store are as follows: INCOME STATEMENT \begin{tabular}{|l|c|c|} \hline 2013 & \\ \hline Sales & & 600,000 \\ \hline Cost of Goods Sold & & 500,000 \\ \hline Gross Profit & & 100,000 \\ \hline & & \\ \hline Operating Expenses & & \\ \hline \multicolumn{1}{|c|}{ Salaries } & 200,000 & \\ \hline \multicolumn{1}{|c|}{ Rent Expense } & 25,000 & \\ \hline Depreciation & 25,000 & \\ \hline TotalOperatingExpenses & & 250,000 \\ \hline & & \\ \hline Net Operating Income & & 150,000 \\ \hline & & \\ \hline Gain on Sale of Land & & \\ \hline LossonSaleofNikeStock & & 150,000 \\ \hline Net Income & & \\ \hline \end{tabular} BALANCE SHEET 2013 \begin{tabular}{|l|c|c|c|} \hline & 2012 & 2013 & Difference \\ \hline Cash & 100,000 & 50,000 & \\ \hline Accounts Receivable & 100,000 & 175,000 & \\ \hline Inventory & 200,000 & 300,000 & \\ \hline Equipment & 400,000 & 600,000 & \\ \hline Accumulated Depreciation & (200,000) & 225,000 & \\ \hline Land & & & \\ \hline Nike Stock & & & \\ \hline & & & \\ \hline Total Assets & 600,000 & 900,000 & \\ \hline & & & \\ \hline Accounts Payable & 100,000 & 275,000 & \\ \hline Long Term Bond Payable & 200,000 & 450,000 & \\ \hline Common Stock & 100,000 & 150,000 & \\ \hline Retained Earnings & 200,000 & 25,000 & \\ \hline & & & \\ \hline Total Equity & 600,000 & 900,000 & \\ \hline & & & \\ \hline \end{tabular} STATEMENT OF CASH FLOW TEMPLATE INDIRECT METHOD 1. Prepare statement of cash flow 2. Would you invest $1,000,000 in the company