the question is: make journal entry cash flow direct and income statement.

IESE Business School University of Navarra Foundations of Management Specialization unting: Making Sound Decisions Prof. Marc Badia Week 2: "The come Statement ransactions for period x1: books on credit for 130,ooo 2. The Campus Bookstore sells books to individual customers who pay in cash. During X1, the total amount of cash sales is 120,000. The books sold in cash have a total purchase cost of 80,000 3. The Campus Bookstore sells books on credit to the school and other corporate customers. During x1, the total amount of credit sales is60,000. The cost of the books sold on credit is 45.000 4. campus Bookstore pays c30,000 in cash for the selling, general and costs incurred in x1. They include cristina's salary and utilities. was already prepaid at the end of year xo 6. on December 31st of x1, the campus Bookstore prepays 6,600 for the rent of year x2 7. The cash collected from credit sales is e38,000. 8. The Campus Bookstore pays 10,000 to furniture and equipment suppliers, cancelling the pending obligation 9. The Campus Bookstore recognizes the depreciation of furniture and equipment n x1. The original purchase cost of furniture and equipment was 25,000. Cristina estimated a useful life of five years and no salvage value for this asset. 10. The Campus Bookstore recognizes the amortization of the software in x1. The original purchase cost of the software was 3,000. Cristina estimated a useful fe of three years and no salvage value for this intangible asset. 11. At the end of x 1, the Campus Bookstore recognizes and pays the interest cost on the bank loan. The bank charges an interest of 5% for the 20,000 loan that is, 1,000. 12. in x1, the campus Bookstore makes a profit before taxes of recognizes corporate taxes of 3,600 (ie, 30% x 12,000). amount will be paid later in x2 when the tax forms are filed