$1.$ At the beginning of the year, the non$-$profit Prime Cardiac Pump $($PCP$)$ shows the following balances in the balance sheet:

Prime Cardiac Pump

Balance Sheet

Assets Liabilities $+$ Net Assets

Cash $57,000$ Wages Payable $23,000$

Securities $417,000$ Accounts Payable $17,000$

Receivables $43,000$ Notes Payable $460,000$

PP&E $2,930,000$ Mortgage $1,570,000$

Goodwill $23,000$ Total Liabilities $2,070,000$

Patents $374,000$ Net Assets $($NA$)1,774,000$

Total Assets $3,844,000$ Liabilities $+$ NA $3,844,000$

Over the following year the agency records the following transactions:

$1.$ Pays wages of $23,000$

$2.$ Receives $20,000$ owed to it for past goods delivered

$3.$ Depreciates its facility by $100,000$

$4.$ Sells off the patent rights of a new pump for $600,000,$ half paid in cash, and half to be paid in two years. It had originally purchased the patent for $374,000.$

$5.$ Borrows $500,000$ to upgrade the factory.

$6.$ Pays $17,000$ to vendors to whom it owed money.

$7.$ Invests $300,000$ in upgrading HVAC systems in the factory.

$8.$ Signs a contract to sell $300,000$ of pumps, to be delivered next year. Receives no money up$-$front for the sale.

$9.$ Sells $300,000$ of securities in its portfolio, for which it had paid $100,000.$

$10.$ Pays off $200,000$ on the mortgage.

Record these transactions and make a new balance sheet reflecting end$-$of$-$the year balances. Then, calculate profit$/$loss and develop a cash flow statement.