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The Ceynar Group, LLC has collected the following data for their partnership. a Prepar

The Ceynar Group, LLC has collected the following data for their partnership. a Prepar

The Ceynar Group, LLC has collected the following data for their partnership.      
a Prepare a formal income statement that contains the relevant subtotals.    
b Prepare a formal cash flow statement that contains the relevant subtotals. Assume that no taxes are due on the property sale.    
Data Block Beginning of year End of year          
  Cash On Hand $3,780,000            
  Revenue   $15,400,000          
  Materials   $2,500,000          
  Labor   $4,000,000          
  Labor/Materials overhead $750,000          
  Executive & Staff Salaries $1,100,000 Includes benefits    
  Facility Maintenance   $900,000          
  Marketing   $750,000          
  Machine Sale   $2,575,300          
  Machine Purchase   $5,204,000          
  Interest   $425,000          
  Loan principal reduction   $500,000          
  Tax rate   10%          
  Inventory $357,000 $324,000
Abhinav 03-Dec-2019

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