You are given the following financial statements. Revenue Cost of sales Gross profit Expenses Wages & benefits Depreciation Advertising & promotion Bad debts Consulting fees Insurance Interest & bank charges Office & miscellaneous maintenance Subscriptions & permits Telephone Travel & automotive Total operating expenses Net income before taxes Income tax 2022 Net income 1,534,660 659,904 874,756 306,932 30,000 120,817 Professional fees 9,467 Repairs & 9,786 5,200 6,500 20,828 3,481 2,787 2,651 5,660 524,109 350,647 52,597 298,050 0 Assets Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Long term assets Property, plant, & equipment (net) Total long term assets Total assets Liabilities & shareholders' equity Current liabilities Payables & accruals Income taxes payable Current portion of loan payable Total current liabilities Long term liabilities Bank loan payable Due to shareholders Total long-term liabilities Total liabilities 2021 41,212 36,444 1,145 769,124 2022 690,323 749,724 246,381 63,944 1,145 1,061,194 391,688 361,688 391,688 361,688 1,160,812 1,422,882 44,799 49,493 0 82,670 52,59 10,600 10,600 138,069 112,690 106,092 95,492 106,092 95,492 244,161 208,182 0 Shareholders' equity Common stock Shareholder contributions Retained earnings Total shareholders' equity Total liabilities & shareholders' equity Question 1 (1 point) Statement of cashflow Operating activities Net income Question 2 (1 point) Depreciation Question 3 (1 point) Change in accounts receivable Question 4 (1 point) Change in inventory Question 5 (1 point) Change in prepaid expenses 4 Question 6 (1 point) Change in accounts payable 552,789 There are no purchases/sales of property, plants and equipments (PP&E) in 2022. The company doesn't pay any dividends in 2022. Question 7 (1 point) Change in income tax payable Build a statement of cashflow for 2022. Please round all numbers to the n whole number. No decimal places, no $, no comma. For cash inflow, please use positive numbers. For cash outflow, please use negative numbers. 363,858 661,908 916,651 552,789 1,214,701 4 1,160,812 1,422,882 100 Question 8 (1 point) Financing activities Bank loan payable Question 9 (1 point) Investing activities Net property, plant & equipment purchases Question 10 (1 point) Net cashflow Question 11 (1 point) Beginning cash Question 12 (1 point) Ending cash