Question
Yearly Ledger Changes Income Statement Account Year 0 Year 1 Year 2 Account Year 0 Year 1 Year 2 Cash 96,000 Revenue 68,000 Inventory 8,000
Yearly Ledger Changes Income Statement Account Year 0 Year 1 Year 2 Account Year 0 Year 1 Year 2 Cash 96,000 Revenue 68,000 Inventory 8,000 COGS 34,000 PP&E 10,000 Gross Profit 34,000 Accounts Payable 10,000 Operating Expenses 30,000 Paid-In Capital 100,000 EBITDA 4,000 Revenue 68,000 Depreciation Expense 1,000 COGS 34,000 EBIT 3,000 Operating Expenses 30,000 Net Income 3,000 Depreciation Expense 1,000 Accumulated Depreciation (1,000) Balance Sheet Cash Flow Statement Account Year 0 Year 1 Year 2 Account Year 0 Year 1 Year 2 Assets Net Income 3,000 Cash 96,000 Depreciation 1,000 Inventory 8,000 Change in Inventory (8,000) PP&E 10,000 Change in Accounts Payable 10,000 Accumulated Depreciation (1,000) Total Operating Cash Flows 6,000 Total Assets 113,000 Purchase of PP&E (10,000) Liabilities & Equity Total Investing Cash Flows (10,000) Accounts Payable 10,000 Paid-In Capital 100,000 Increase in Paid-In Capital 100,000 Retained Earnings 3,000 Total Financing Cash Flows 100,000 Total Liabilities & Equity 113,000 Total Cash Flows 96,000 Beginning Cash Ending Cash 96,000, I need help balancing this statement
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