| Description |
The information in Exhibit 1 is extracted from Sweetfall Incorporated’s financial
statements.
<table style="width:90%;text-align:center">
<caption>Exhibit 1: Sweetfall Inc.</caption>
<tr><th colspan="2">Income Statement </th><th colspan="2">Balance Sheet Changes</th></tr>
<tr><td class="left">Revenue</td><td> USD56,800</td><td>
Decrease in accounts
receivable</td><td> USD1,324</td></tr>
<tr><td class="left">Cost of goods sold </td><td>27,264</td><td> Decrease in inventory</td><td> 501</td></tr>
<tr><td class="left">Other operating
expense </td><td>562</td><td>
Increase in prepaid expense</td><td> 6</td></tr>
<tr><td class="left">Depreciation expense </td><td>2,500</td><td> Increase in accounts payable </td><td>1,0</td></tr>
</table>
The amount of cash Sweetfall Inc. paid to suppliers is: |