5) (10 points) Calculate the global cash flow (total cash available for debt service, prior to debt payments) for
2022 given the information provided from the personal tax return and the related business tax return
schedules.
Form 1040 / Schedule 1 Key Data:
Wages & Salaries (1040, Line 1)
$61,000
Other Income (1040, Line 8; See Sch 1)
$314,000
Total Income
$375,000
Schedule 1 Detail:
Rental RE / S-Corp / etc (Schedule 1, Line 5)
$314,000
Form 1065 (ABC, LLC):
Form 1065 (KL, LLC):
Schedule E, Part 2:
Passive Income and Loss
SOLUTION:
Personal CF Source
Cash Flow ($)
Business CF Source
Cash Flow ($)
Total Business CF