2 parts to the question

2. Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.) SQUIRREL TREE SERVICES Statement of Cash Flows Cash Flows from Operating Activities Squirrel Tree Services reports the following amounts on December 31 Liabilities and Stockholders' Equity Assets Cash Supplies Prepaid insurance Building $ 7,900 Accounts payable 2,000 Salaries payable 3,700 Notes payable 74,000 Common stock $ 10,300 3,700 22,000 40,000 11,600 Net cash flows from operating activities Cash Flows from Investing Activities Retained earnings In addition, the company reported the following cash flows. Net cash flows from investing activities Cash Outflows Cash Flows from Financing Activities Cash Inflows Customers Borrow from the bank (note) Sale of investments $ 24,000 6,000 7,500 66,000 S 64,000 Employee salaries 22,000 Supplies 3,000 Dividend:s Purchase building Net cash flows from financing activities Required 1. Prepare a balance sheet. Cash at the beginning of the year Cash at the end of the year SQUIRREL TREE SERVICES Balance Sheet Assets Liabilities Total liabilities Stockholders Equity Total stockholders' equity Total assets Total liabilities and stockholders' equity