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(10 points) sheet for Magna Fax, Inc. for the year ended December 31,2022 as below. 6) The credit manager at First National Bank has just received the income statement and hance BRE 117.500 5 32. SIR Magna Fax, Inc Income Statement For the Year Ended December 31, 2323. S revenue Cost of goods sold Gross profile Salting expense General and administrative expense Depreciation expert Operating profil Interest expense Net profit before taxes Taxes (40%) Net profit after taxes 4.500 4000 4.000 $20,000 2.500 5 17.500 700 S 10 SEU 2001 $21.000 39,000 27700 22.000 $109,000 Magna Fax, Inc. Balance Sheet For the Year Ended December 31, 2021 and 2022 2012 Assets Cash $20.000 Accounts receivable 45200 Inventory 30.000 Crows fixed assets $12.2000 S40,000 Ace. Depreciation 22.000 10 Net fixed sets 20000 Total assets $119,000 Liabilities and Equity Accounts payable $ 25,000 Notes payable 50,000 Accruals 1.000 Long-term debes 1X Common stock at par 1,000 Pald-in capital in excess of par 4.000 Retained earnings 28000 Total labilities and equity $119,000 $300 40,000 2,000 RODO 1.000 4,000 2400 $109,000 Prepare a statement of cash flows for the year ended December 31, 2022, organized by cash flow from operating activities, cash flow from investment activities, and cash flow from financing activities

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