You just closed the month for a mid-sized wealth management business and your manager asks you to explain how the three financial statements connect using the period's actual activity. You are working under U.S. GAAP and need to reconcile why net income was positive while cash declined. Assume there were no taxes, no dividends, and no equity issuance during the month. Your explanation should tie the income statement, statement of cash flows, and balance sheet together with explicit numbers.
| Metric | Amount |
|---|---|
| Beginning cash | $500,000 |
| Beginning accounts receivable | $200,000 |
| Beginning net PP&E | $1,000,000 |
| Beginning debt | $400,000 |
| Beginning retained earnings | $600,000 |
| Revenue earned during month | $300,000 |
| Cash collected from customers | $250,000 |
| Operating expenses excluding depreciation | $180,000 |
| Depreciation expense | $20,000 |
| Debt principal repaid in cash | $50,000 |
How do the three financial statements interrelate for this month, and what are the ending net income, operating cash flow, ending cash, and the key ending balance sheet accounts? Explain the bridge clearly enough that a client-facing finance partner could follow it.