Assume this is the first year of your business from the week 4 profit and loss statement for the purpose of creating your balance sheet and cash flow statement. Create a balance sheet and cash flow statement addressing the instructor's findings from previous class assignment(s) by doing the following: Conduct an internet search or use an example located in the textbook for a balance sheet and cash flow statement. Review the revenue and expense items based on comments made by the instructor to best estimate realistic values for the balance sheet and cash flow statement. Review the budget, income statement, and cash flow items, along with feedback provided by the instructor from the previous week(s). Explain the order in which the financial statements are prepared and how they are connected

. Here is the feedback from last weeks assignment 12/31/2020 12/31/2021 Net revenue 250,600 290,000 Cost of Goods Sold $0 $0 Gross profit 250,600 290,000 Operating expenses Payroll for staff $109,343 $118,322 Payroll taxes for staff $29,920 $30,423 Rent for location $2400 $3,600 Heat and electric $1800 $1800 Water and sewer $600 $600 Workmans comp $600 $600 Premise insurance $600 $600 Advertising and marketing $1200 $1200 Entertainment & Food $600 $600 Professional development and training $1200 $1200 Office supplies and equipment You would only show the depreciation as these are fixed assets on the balance sheet $700 $800 Miscellaneous expenses $12,000 $12,000 On site therapist $19,500 $19,500 Professional liability $9,000 $12,000 Pretax operating expenses total of above $189,463 $203,255 Income before other income and expenses 61,137 86,745 Interest expense $20,048 $23,000 Income before taxes $250,600 41,137 $290,000 63,745 Income tax expense 0 0 Net income $61,137 41,137 $86,745 63,745 ALL THAT YOU NEED IS SUBMITTED

	12/31/2020	12/31/2021
Net revenue	250,600	290,000
Cost of Goods Sold	$0	$0
Gross profit	250,600	290,000
Operating expenses
Payroll for staff	$109,343	$118,322
Payroll taxes for staff	$29,920	$30,423
Rent for location	$2400	$3,600
Heat and electric	$1800	$1800
Water and sewer	$600	$600
Workmans comp	$600	$600
Premise insurance	$600	$600
Advertising and marketing	$1200	$1200
Entertainment & Food	$600	$600
Professional development and training	$1200	$1200
Office supplies and equipment You would only show the depreciation as these are fixed assets on the balance sheet	$700	$800
Miscellaneous expenses	$12,000	$12,000
On site therapist	$19,500	$19,500
Professional liability	$9,000	$12,000
Pretax operating expenses total of above	$189,463	$203,255
Income before other income and expenses	61,137	86,745
Interest expense	$20,048	$23,000
Income before taxes	$250,600 41,137	$290,000 63,745
Income tax expense	0	0
Net income	$61,137 41,137	$86,745 63,745

I am asking for a cash flow statement from the information in the chart