You are the accountant of AMC School and Office Supplies, a school and office supplies store that your family owns. Prepare an Income Statement, Balance Sheet and Statement of Cash flows for the year ended December 31, 2019. These will be presented in your annual family meeting. These reports will be used in making important decisions on your family business. You have to make sure that your report reflects the accurate results of operations and financial position of the business.

YOU CAN USE ANY PARTICULARS ON THE INCOME STATEMENT, BALANCE SHEET AND STATEMENT OF CASH FLOWS. JUST REMEMBER THAT IT IS FOR AMC SCHOOL AND OFFICE SUPPLES AND IMAGINE IT BEING A SMALL FAMILY BUSINESS. BE REASONABLE WITH THE AMOUNTS. THANK YOU.