The following information is taken from Merrill Lynch$\text{'}$s financial records at year end Dec. $31,2022.$

Determine Income from Operations:

Select one:

a$.$ $$51,200$

b$.$ $$47,200$

C$.$ $$112,800$

d$.$ $$44,000$

e$.$ $$48,000$

The purpose of the Statement of Cash Flows is to the show the sources and uses of cash. Also, the statement compares cash at the

beginning of the period to cash at the end of the period.

Select one:

True

False