Flea Fall Inc., a maker of dog flea collars, paid $125,000 cash for inventory on January 1, 2010. On December 31, 2010, the company's sales total $147,000 of which $117,000 has been collected. If inventory represents Flea Falls only cost, calculate the firms accounting profit as well as its cash flow as of December 31.

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The Answer of Flea Fall Inc., a maker of dog flea collars, paid $125,000 cash for inventory on January 1, 2010. On December 31, 2010, the company's sales total $147,000 of which $117,000 has been collected. If inventory represents Flea Falls only cost, calculate the firms accounting profit as well as its cash flow as of December 31.