Zunish Ltd. had the following account balances at December 31, 2021: \begin{tabular}{|l|r|} \hline \multicolumn{1}{|c|}{ Account Name } & Amount \\ \hline Collections from customers & $64,935 \\ \hline Cash received from debt & 16,000 \\ \hline Maintenance expense & 2,755 \\ \hline Accounts payable & 23,515 \\ \hline Rent expense & 4,800 \\ \hline Purchase of intangibles & 1,160 \\ \hline Deferred revenue & 1,650 \\ \hline Office supplies & 2,135 \\ \hline Payment of dividends & 5,000 \\ \hline Contributions by owners & 7,000 \\ \hline Cash (beginning of year) & 33,500 \\ \hline Income tax payable & 2,250 \\ \hline Office supplies expense & 1,240 \\ \hline Retained earnings (beginning of year) & 18,375 \\ \hline Prepaid expenses & 2,400 \\ \hline Utilities expense & 875 \\ \hline Website expense & 750 \\ \hline Prepaid insurance & 1,500 \\ \hline Website design & 1,100 \\ \hline Interest expense & 1,200 \\ \hline Owners' capital & 19,000 \\ \hline Accounts receivable & 32,645 \\ \hline Cash (end of year) & 56,350 \\ \hline Service revenue & 39,370 \\ \hline Bank loan payable, due in 2025 & 16,000 \\ \hline Income tax expense & 7,350 \\ \hline Business licence & 60,925 \\ \hline Payments to suppliers & 5,000 \\ \hline Dividends & \\ \hline \end{tabular} Using the above information create the following: income statement, statement of retained earnings, balance sheet and the statement of cash flows. Then use the information to answer the following questions. You do NOT have to hand the statements in - they are rough work only. What is the correct title for this company's single step income statement? a. Zunish Ltd., Income Statement, Year ended December 31, 2021 b. Income Statement, Zunish Ltd., Year ended December 31, 2021 c. Zunish Ltd., Income Statement, December 31, 2021 d. December 31, 2021, Income Statement, Zunish Ltd. e. Zunish Ltd., December 31, 2021, Income Statement Enter the letter that corresponds to your choice. (A B C D E) What is Total Operating Expenses on this company's single step income statement? A What is Profit before Income Tax (also called Income before Income Tax) on this company's single step income statement? What is Profit (also called Net Income) on this company's single step income statement? A What is the correct title for this company's statement of retained earnings? a. Statement of Retained Earnings, Zunish Ltd., Year ended December 31, 2021 b. Zunish Ltd., Statement of Retained Earnings, December 31, 2021 c. Zunish Ltd., Statement of Retained Earnings, Year ended December 31, 2021 d. December 31, 2021, Statement of Retained Earnings, Zunish Ltd. e. Zunish Ltd., December 31, 2021, Statement of Retained Earnings Enter the letter that corresponds to your choice. (A B C D E) A What is ending Retained Earnings on this company's statement of retained earnings? A What is the correct title for this company's balance sheet? a. Balance Sheet, Zunish Ltd., Year ended December 31, 2021 b. Zunish Ltd., Balance Sheet, December 31, 2021 c. Zunish Ltd., Balance Sheet, Year ended December 31, 2021 d. December 31, 2021, Balance Sheet, Zunish Ltd. What is total current assets on this company's balance sheet? A) What is the correct order for the current assets section of this company's balance sheet? a. Cash (end of year), Accounts receivable, Prepaid insurance, Supplies, Website design, Business licence b. Cash (beginning of year), Accounts receivable, Prepaid insurance, Supplies c. Cash (end of year), Accounts receivable, Prepaid insurance, Supplies d. Cash (beginning of year), Accounts receivable, Prepaid expenses, Prepaid insurance, Supplies e. Cash (end of year), Accounts receivable, Prepaid expenses, Prepaid insurance, What is total assets on this company's balance sheet? A) What is total current liabilities on this company's balance sheet? A What is the correct order for the current liabilities section of the balance sheet? a. Accounts payable, payments to suppliers, deferred revenue, income tax payable b. Bank loan payable, Income tax payable, Accounts payable, Deferred revenue c. Accounts payable, Income tax payable, Payments to suppliers d. Accounts payable, Deferred revenue, Income tax payable What is the correct title for this company's statement of cash flows? a. Zunish Ltd., Statement of Cash Flows, December 31, 2021 b. December 31, 2021, Statement of Cash Flows, Zunish Ltd. c. Zunish Ltd., December 31, 2021, Statement of Cash Flows d. Zunish Ltd., Statement of Cash Flows, Year ended December 31, 2021 e. Statement of Cash Flows, Zunish Ltd., Year ended December 31, 2021 Enter the letter that corresponds to your choice. (A B C D E) A. What is total cash flow from investing activities on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a ' + ' sign. For example, inflow of $12,682 enter as +12682 If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485 A What is total cash flow from operating activities on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682 If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485 A. What is total cash flow from financing activities on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a ' + ' sign. For example, inflow of $12,682 enter as +12682 If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485 A What is the net change in cash on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a ' + ' sign. For example, inflow of $12,682 enter as +12682 If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485 A What is the correct order for the sections of this company's statement of cash flows? a. Operating, Investing, Financing, Change in cash b. Investing, Operating, Financing, Change in cash c. Financing, Investing, Operating, Change in cash d. Investing, Operating, Financing e. Change in cash, Investing, Operating, Financing Enter the letter that corresponds to your choice. (A B C D E) A Zunish Ltd. had the following account balances at December 31, 2021: \begin{tabular}{|l|r|} \hline \multicolumn{1}{|c|}{ Account Name } & Amount \\ \hline Collections from customers & $64,935 \\ \hline Cash received from debt & 16,000 \\ \hline Maintenance expense & 2,755 \\ \hline Accounts payable & 23,515 \\ \hline Rent expense & 4,800 \\ \hline Purchase of intangibles & 1,160 \\ \hline Deferred revenue & 1,650 \\ \hline Office supplies & 2,135 \\ \hline Payment of dividends & 5,000 \\ \hline Contributions by owners & 7,000 \\ \hline Cash (beginning of year) & 33,500 \\ \hline Income tax payable & 2,250 \\ \hline Office supplies expense & 1,240 \\ \hline Retained earnings (beginning of year) & 18,375 \\ \hline Prepaid expenses & 2,400 \\ \hline Utilities expense & 875 \\ \hline Website expense & 750 \\ \hline Prepaid insurance & 1,500 \\ \hline Website design & 1,100 \\ \hline Interest expense & 1,200 \\ \hline Owners' capital & 19,000 \\ \hline Accounts receivable & 32,645 \\ \hline Cash (end of year) & 56,350 \\ \hline Service revenue & 39,370 \\ \hline Bank loan payable, due in 2025 & 16,000 \\ \hline Income tax expense & 7,350 \\ \hline Business licence & 60,925 \\ \hline Payments to suppliers & 5,000 \\ \hline Dividends & \\ \hline \end{tabular} Using the above information create the following: income statement, statement of retained earnings, balance sheet and the statement of cash flows. Then use the information to answer the following questions. You do NOT have to hand the statements in - they are rough work only. What is the correct title for this company's single step income statement? a. Zunish Ltd., Income Statement, Year ended December 31, 2021 b. Income Statement, Zunish Ltd., Year ended December 31, 2021 c. Zunish Ltd., Income Statement, December 31, 2021 d. December 31, 2021, Income Statement, Zunish Ltd. e. Zunish Ltd., December 31, 2021, Income Statement Enter the letter that corresponds to your choice. (A B C D E) What is Total Operating Expenses on this company's single step income statement? A What is Profit before Income Tax (also called Income before Income Tax) on this company's single step income statement? What is Profit (also called Net Income) on this company's single step income statement? A What is the correct title for this company's statement of retained earnings? a. Statement of Retained Earnings, Zunish Ltd., Year ended December 31, 2021 b. Zunish Ltd., Statement of Retained Earnings, December 31, 2021 c. Zunish Ltd., Statement of Retained Earnings, Year ended December 31, 2021 d. December 31, 2021, Statement of Retained Earnings, Zunish Ltd. e. Zunish Ltd., December 31, 2021, Statement of Retained Earnings Enter the letter that corresponds to your choice. (A B C D E) A What is ending Retained Earnings on this company's statement of retained earnings? A What is the correct title for this company's balance sheet? a. Balance Sheet, Zunish Ltd., Year ended December 31, 2021 b. Zunish Ltd., Balance Sheet, December 31, 2021 c. Zunish Ltd., Balance Sheet, Year ended December 31, 2021 d. December 31, 2021, Balance Sheet, Zunish Ltd. What is total current assets on this company's balance sheet? A) What is the correct order for the current assets section of this company's balance sheet? a. Cash (end of year), Accounts receivable, Prepaid insurance, Supplies, Website design, Business licence b. Cash (beginning of year), Accounts receivable, Prepaid insurance, Supplies c. Cash (end of year), Accounts receivable, Prepaid insurance, Supplies d. Cash (beginning of year), Accounts receivable, Prepaid expenses, Prepaid insurance, Supplies e. Cash (end of year), Accounts receivable, Prepaid expenses, Prepaid insurance, What is total assets on this company's balance sheet? A) What is total current liabilities on this company's balance sheet? A What is the correct order for the current liabilities section of the balance sheet? a. Accounts payable, payments to suppliers, deferred revenue, income tax payable b. Bank loan payable, Income tax payable, Accounts payable, Deferred revenue c. Accounts payable, Income tax payable, Payments to suppliers d. Accounts payable, Deferred revenue, Income tax payable What is the correct title for this company's statement of cash flows? a. Zunish Ltd., Statement of Cash Flows, December 31, 2021 b. December 31, 2021, Statement of Cash Flows, Zunish Ltd. c. Zunish Ltd., December 31, 2021, Statement of Cash Flows d. Zunish Ltd., Statement of Cash Flows, Year ended December 31, 2021 e. Statement of Cash Flows, Zunish Ltd., Year ended December 31, 2021 Enter the letter that corresponds to your choice. (A B C D E) A. What is total cash flow from investing activities on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a ' + ' sign. For example, inflow of $12,682 enter as +12682 If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485 A What is total cash flow from operating activities on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682 If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485 A. What is total cash flow from financing activities on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a ' + ' sign. For example, inflow of $12,682 enter as +12682 If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485 A What is the net change in cash on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a ' + ' sign. For example, inflow of $12,682 enter as +12682 If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485 A What is the correct order for the sections of this company's statement of cash flows? a. Operating, Investing, Financing, Change in cash b. Investing, Operating, Financing, Change in cash c. Financing, Investing, Operating, Change in cash d. Investing, Operating, Financing e. Change in cash, Investing, Operating, Financing Enter the letter that corresponds to your choice. (A B C D E) A