The following information is for Edgewood Inc. for the year ended December 31, 2021. Edgewood had a balance for cash and cash equivalents of $5,200 on January 1, 2021. Cash received from:
Customers $1,900
Interest on investments 200
Sale of land 100
Issuance of common stock 600
Issuance of debt securities 2,000
Cash paid for: Interest on debt $300
Income tax 80
Debt principal reduction 1,500
Purchase of equipment 4,100
Purchase of inventory 1,000
Dividends on common stock 200
Operating expenses 500

Required:
Prepare a statement of cash flows for the year. Make sure you have proper headings, columns, subtotals and totals.

In 2018, laureen is currently single. she paid $2,800 of qualified tuition and related expenses for each of her twin daughters sheri and meri to attend state university as freshmen ($2,800 each for a total of $5,600). sheri and meri qualify as laureen’s dependents. laureen also paid $1,900 for her son ryan’s (also laureen’s dependent) tuition and related expenses to attend his junior year at state university. finally, laureen paid $1,200 for herself to attend seminars at a community college to her improve her job skills.what is the maximum amount of education credits laureen can claim for these expenditures in each of the following alternative scenarios? a. laureen's agi is $45,000.b. laureen’s agi is $95,000.c. laureen’s agi is $45,000 and laureen paid $12,000 (not $1,900) for ryan to attend graduate school (i.e, his fifth year, not his junior year).