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For each of the statements please indicate: a. If net income is a source or...

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Accounting

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For each of the statements please indicate: a. If net income is a source or use of cash and give a dollar amount for the cash from net income for cach year. b. What are the major sources and uses of cash within operations? Are these expected? Sustainable? How do you feel about these things happening in operations? c. What are the major sources and uses of cash company-wide (including financing and investing)? Are these normal for a business? Are they sustainable? How do you feel about the overall management of the business? d. Why are they running out of cash? Mango - A - GoGo Statement of Cashflow For year ended May 31 2021 Net Income $422,143 Adjustment to cash $16,000 2020 43,456 5000 AR -649,769 Inventory A/P -154,428 646,889 -6,000 -500 -241,422 -79,431 54.924 -2,000 4,500 3,200 Prepaid Rent Prepaid Insurance Wages Payable Line of Credit 8,000 13,438 Cashflow from operations 295.773 -220,773 Financing 75,000 Common stock 500,000 0 Dividends -5,000 0 Long term debt 50,000 Investments Fixed Assets -470.000 -225.000 -49,227 49,227 Net cashflow O/B cash 49,227 0 E/B cash -0 49,227

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