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