Gail's Greenhouse, Inc Requirements:
A

question 13

Essay

Gail's Greenhouse, Inc., a small retail store that sells houseplants, started business on January 1, 2014. At the end of January 2014, the following information was available: $$\begin{array} { | l | r | r | } \hline \text { Sales of plants for cash } & & \$ 75,000 \\\hline \text { Sales of plants for credit (not yet collected) } & & 15,000 \\\hline \text { Cost of plants which were sold and paid for during January } & & 45,000 \\\hline \begin{array} { l } \text { Expenses during January incurred, and paid for, during } \\\text { January unless otherwise noted: }\end{array} & & \\\hline \text { Salaries } & & \\\hline \text { Telephone } & \$ 5,000 & \\\hline \text { Office supplies (all used) } & 250 & \\\hline \text { Electricity } & 150 & \\\hline \text { Rent on the store for January, 2014 (will not be paid until } & 300 & \\\hline \text { February, 2014) } & 1,000 & \\\hline\end{array}$$ Requirements:
A. Using the above information, prepare the income statement for Gail's Greenhouse for the month ended January 31, 2014.
B. What is the amount of cash flows provided by operating activities to be presented on the statement of cash flows?

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Definitions:

Primary Health Care Provider

A healthcare professional — often a physician, nurse practitioner, or physician assistant — who serves as the first contact for a person's healthcare needs.

Nursing Process

A systematic method used by nurses to plan and provide individualized care to patients, including assessment, diagnosis, planning, implementation, and evaluation.

Planning

The process of making plans for something, involving thinking and organizing the activities required to achieve a desired goal.

Evaluation

A systematic process for determining the merit, value, or significance of an object or program.