and net income was To: Owner of Croydon Coffee Roasters Corp. Subject: Opinion of net incomo, dividends, financial position, and cash flows Your first month of operations was Revenues totaled Those operating results look The company able to pay a dividend, which should make you very your investment with such a return on as your Your Your financial position looks stockholders' equity is as companies prefer to have their largest source Operating activities generated cash of which is of cash come from operating activities. You onded the month with cash of Based on the above facts, I believe you should - Income Statement Croyden Coffee Roasters Corp. Income Statement Month Ended August 31, 2022 Revenue: $ 277,500 Service revenue Expenses: Salary expense Utilities expense $ 78.400 5,400 1,600 Rent expense 85,400 Total expenses $ 192,100 Net income (loss) - X Balance Sheet 8,500 Assets Cash Office supplies Equipment Croyden Coffee Roasters Corp. Balance Sheet August 31, 2022 Liabilities $ 5,000 Accourts payable 7,300 Stockholders' Equity 204,900 Common stock Retained earnings Total stockholders' equity $ 217,200 Total liabilities and stockholders' equity 19,500 189.200 208,700 $ 217,200 Total assets Print Done - X Statement of Retained Earnings Croyden Coffee Roasters Corp. Statement of Retained Earnings Month Ended August 31, 2022 Retained earnings, August 1, 2022 $ Add: Net income Subtotal 0 192,100 192,100 (2,900) Less: Dividends $ 189,200 Retained earnings, August 31, 2022 Print Done Statement of Cash Flows $ 192,100 1,200 193,300 Croyden Coffee Roasters Corp. Statement of Cash Flows Month Ended August 31, 2022 Cash flows from operating activities: Net income Adjustments to reconde net income to cash provided by operations Net cash provided by operating activities Cash flows from investing activities: Acquistion of equipment Net cash used for investing activities Cash flows from financing activities: Issuance (sale) of stock to owners Payment of dividends Net cash provided by financing activites Net increase in cash Cash balance, August 1, 2022 Cash balance, August 31, 2022 $ (204,900) (204.900) 19,500 (2,900) 16,600 5,000 0 $ 5.000 and net income was To: Owner of Croydon Coffee Roasters Corp. Subject: Opinion of net incomo, dividends, financial position, and cash flows Your first month of operations was Revenues totaled Those operating results look The company able to pay a dividend, which should make you very your investment with such a return on as your Your Your financial position looks stockholders' equity is as companies prefer to have their largest source Operating activities generated cash of which is of cash come from operating activities. You onded the month with cash of Based on the above facts, I believe you should - Income Statement Croyden Coffee Roasters Corp. Income Statement Month Ended August 31, 2022 Revenue: $ 277,500 Service revenue Expenses: Salary expense Utilities expense $ 78.400 5,400 1,600 Rent expense 85,400 Total expenses $ 192,100 Net income (loss) - X Balance Sheet 8,500 Assets Cash Office supplies Equipment Croyden Coffee Roasters Corp. Balance Sheet August 31, 2022 Liabilities $ 5,000 Accourts payable 7,300 Stockholders' Equity 204,900 Common stock Retained earnings Total stockholders' equity $ 217,200 Total liabilities and stockholders' equity 19,500 189.200 208,700 $ 217,200 Total assets Print Done - X Statement of Retained Earnings Croyden Coffee Roasters Corp. Statement of Retained Earnings Month Ended August 31, 2022 Retained earnings, August 1, 2022 $ Add: Net income Subtotal 0 192,100 192,100 (2,900) Less: Dividends $ 189,200 Retained earnings, August 31, 2022 Print Done Statement of Cash Flows $ 192,100 1,200 193,300 Croyden Coffee Roasters Corp. Statement of Cash Flows Month Ended August 31, 2022 Cash flows from operating activities: Net income Adjustments to reconde net income to cash provided by operations Net cash provided by operating activities Cash flows from investing activities: Acquistion of equipment Net cash used for investing activities Cash flows from financing activities: Issuance (sale) of stock to owners Payment of dividends Net cash provided by financing activites Net increase in cash Cash balance, August 1, 2022 Cash balance, August 31, 2022 $ (204,900) (204.900) 19,500 (2,900) 16,600 5,000 0 $ 5.000