1. MPB has been in business for many months already. From 1/1/2011 to 1/31/2011, the following occurred:
2. CMB has been in business for many months already. From 1/1-1/31/2011, the following occurred:
a. a. For each event, provide the required journal entries to record the event.
b. b. Prepare the income statements for MPB and CMB from 1/1/2011 to 1/31/2011.
c. c. Using the indirect method to calculate the cash flows from operations starting from net incomes for MPB and CMB.
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