Use the assumptions given above to calculate the financial statements (the ones highlighted in red)

Cash Flow Statement (for years ending Sept. 1) 2004 (Projected) - High 2004 (Projected - Low) 2003 2002 Operations Net income $120,781.81 $64,497.95 61640 71453 Depreciation Expense $47,015.00 35015 Accounts receivable 24480 Inventory $34,955.51 $10,247.17 $7,388 Prepaid expenses $6,559.66 $1,233.76 $4,056$5,843$15,243$27,523 Accounts payable Deferred income taxes $0 $0 $24,901$10,459$10,688$1,948 Net Cash Flow from Operations $98,252.21 $0 Investing Fixed Assets $132,985 $132,985 \begin{tabular}{l|l} \hline$64,067 & $27,916 \\ \hline & \\ \hline$68,070 & $21,091 \end{tabular} Financing Deposits $7,515 Cash Flow Statement (for years ending Sept. 1) 2004 (Projected) - High 2004 (Projected - Low) 2003 2002 Operations Net income $120,781.81 $64,497.95 61640 71453 Depreciation Expense $47,015.00 35015 Accounts receivable 24480 Inventory $34,955.51 $10,247.17 $7,388 Prepaid expenses $6,559.66 $1,233.76 $4,056$5,843$15,243$27,523 Accounts payable Deferred income taxes $0 $0 $24,901$10,459$10,688$1,948 Net Cash Flow from Operations $98,252.21 $0 Investing Fixed Assets $132,985 $132,985 \begin{tabular}{l|l} \hline$64,067 & $27,916 \\ \hline & \\ \hline$68,070 & $21,091 \end{tabular} Financing Deposits $7,515