using the data below make a statement of cash flow using an indirect method ENN MANUFACTURINGENN MANUFACTURINGProjected Statements of Profits and LossesProjected Statements in Financial PositionFor the Periods Ended December 31, 2022-2023For the Periods Ended December 31, 2022-20232022202320222023SalesLess: Sales Returns and AllowancesNet Sales1,985,657.14 2,188,988.43ASSETS19,856.5721,889.88|Current Assets1,965,800.57 2,167,098.55Cash and Cash Equivalent624,326.14826,489.63Less: Cost of Goods Sold1,187,695.08 1,322,608.33Accounts Receivable198,565.71218,898.84Gross Profit778,105.49844,490.22Inventories11,996.9213,488.21Less: Operating ExpensesTaxes and Licenses FeesOffice SuppliesTotal Depreciation-OfficeCleaning and Hygiene SuppliesAdmin SalaryOffice ToolsTotal Operating ExpensesOperating IncomeProvision for Income Tax (20%)Total Current Assets834,888.78 1,058,876.6810,253.0010,253.00Noncurrent Assets5,825.005,941.50Property, Plant and Equipment45,275.6028,758.202,739.002,739.00Total Noncurrent Assets45,275.6028,758.203,916.003,916.00Total Assets880,164.38 1.087,634.88415,896.00436,690.80721.00721.00LIABILITIES AND EQUITY439,350.00460,261.30Current Liabilities338,755.49384,228.92Accrued Liability4,195.844,195.84751.10,ף76,845.78Таx Payable4,964.145,051.51Net Income271,004.39307,383.14Total Current Liabilities9,159.989,247.35Total Liabilities9,159.989,247.35EquityMayuga, Capital435,502.20539,193.77Nolasco, Capital435,502.20539,193.77Total Equity871,004.39 1,078,387.53Total Liabilities and Equity 880,164.38 1,087,634.88

Answered: using the data below make a statement…

Business

Accounting

using the data below make a statement of cash flow using an indirect method

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...

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