The owner of Drouin Coffee Roasters Corp. seeks your advice as to whether he should cease operations or continue the business. The following finar To: Owner of Drouin Coffee Roasters Corp. Subject Opinion of net income, dividends, financial position, and cash flows Your first month of operations was These operating results look The company Revenues totaled and net income was able to pay a dividend, which should make you very with such a return on your investment Your financial position looks as your stockholders' equity is Operating activities generated cash of which is of cash come from operating activities. You ended the month with cash of Based on the above facts, I believe you should Your as companies prefer to have their largest source operations or continue the business. The following financial statements have been prepared as of August 31, 2022 Income statement -X Drouin Coffee Roasters Corp. Income Statement Month Ended August 31, 2022 Revenue: Service revenue $ 275,000 Expenses Salary expense 78,700 Utilities expense 6,000 1.700 Rent expense 86,400 Total expenses $ 188,600 Net income (loss) Dese e Remaining: 01.05 33 Statement of retained earnings o view the statem to view the stater osition, and cash f Revenues tot Drouin Coffee Roasters Corp. Statement of Retained Earnings Month Ended August 31, 2022 Retained earnings, August 1, 2022 Add: Net income Subtotal hich should make Less: Dividends which is he month with cash Retained earnings, August 31, 2022 Print Done 188,600 188,600 (3,000) 185,600 ements have Balance sheet Drouin Coffee Roasters Corp. Balance Sheet August 31, 2022 Assets Liabilities Cash $ 5,000 Accounts payable $ 8,600 Office supplies Equipment 7,300 Stockholders' Equity 203,700 Common stock 21,800 Retained earnings 185.600 Total stockholders' equity 207:400 $216,000 Total assets Total liabilities and stockholders' equity 216,000 Print Done - X ared as of hime Remaining Statement of cash flows Drouin Coffee Roasters Corp. Statement of Cash Flows Month Ended August 31, 2022 Cash flows from operating activities: Net income Adjustments to reconcile net income to cash provided by operations Net cash provided by operating activities Cash flows from investing activities: Acquistion of equipment Net cash used for investing activities Cash flows from financing activities: Issuance (sale) of stock to owners Payment of dividends Print Done 188,600 1,300 189,900 $ (203,700) (203.700) 21.800 (3.000) Statement of cash flows Adjustments to reconcile net income to cash provided by operations Net cash provided by operating activities 1,300 189,900 Cash flows from investing activities Acquistion of equipment Net cash used for investing activities Cash flows from financing activities: Issuance (sale) of stock to owners Payment of dividends Net cash provided by financing activites $ (203,700) (203,700) 21,800 (3,000) 18.800 5,000 Net increase in cash Cash balance August 1, 2022 Cash balance, August 31, 2022 Print Done 5.000 0 . x Tim To: Owner of Drouin Coffee Roasters Corp. Subject: Opinion of net income, dividends, financial position, and cash flows. Your first month of operations was These operating results look The company your investment Your financial position looks Revenues totaled ane able to p d make you very with not successful successful stockholders' equity is Operating activities generated cash of which is as companies prefe 10. CRIIGI VI LIQUIT VEG Subject: Opinion of net income, dividends, financial position, and cash flows. Your first month of operations was These operating results look Revenues totaled and net income. The company ab h should make you very with such a your investment very strong. Your financial position looks very weak. stockholders' equity is Operating activities generated cash of which is of cash come from operating activities. You ended the month with cash of as companies prefer to have the het income, dividends, financial position, and cash flows. 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Your first month of operations was These operating results look The company your investment Your financial position looks Revenues totaled and net income was able to pay a dividend, which should make you very with such a return on as your Your stockholders' equity is Operating activities generated of cash come from operating which is secure the month with cash of uncertain Calculator as companies prefer to have their largest sour The owner of Drouin Coffee Roasters Corp. seeks your advice as to whether he should cease operations or continue the business. Th (Click to view the income statement.) (Click to view the statement of retained earnings.) (Click to view the balance sheet) Read the requirement (Click to view the statement of cash flows.) assets are much larger than your liabilities UURIG VI VIVO ONE W Subject: Opinion of net income, dividends, financial p Your first month of operations was These operating results look assets are much smaller than your liabilities. The company able to pay a dividend, w your investment expenses are much larger than your revenues liabilities are much larger than your stockholders' equity revenues are much larger than your expenses Your financial position looks as your Your stockholders' equity is which is as companies prefer to have their largest source Operating activities generated cash of of cash come from operating activities. You ended the month with cash of Calculator The owner of Drouin Coffee Roasters Corp. seeks your advice as to whether he should cease operations or continue the busine (Click to view the income statement.) (Click to view the statement of retained earnings.) (Click to view the balance sheet.) (Click to view the statement of cash flows.) Read the requirement. Your first month of operations was These operating results look The company Revenues totaled and net income was able to pay a dividend, which should make you very with such a return on your investment Your financial position looks as your stockholders' equity is Your Operating activities generated cash of which is of cash come from operating activities. You ended the month with Based on the above facts. I believe you should as companies prefer to have their fargest source Calculator desirable undesirable The owner of Drouin Coffee Roasters Corp. seeks your advice as to whether he should cease operations or continue the (Click to view the income statement.) (Click to view the statement of retained earnings.) (Click to view the balance sheet.) (Click to view the statement of cash flows.) Read the requirement. Your first month of operations was These operating results look The company Kevenues totaled and net income was able to pay a dividend, which should make you very with such a return on your investment Your financial position looks as you stockholders' equity is Your cease operations. s companies prefer to have their largest sourd Operating activities generated cash of of cash come from operating activities. You endec stay in business Based on the above facts, I believe you should Calculator