3 Exercise 1-12A Link the balance sheet to the statement of cash flows (LO1-3) Squirrel Tree Services reports the following amounts on December 31, 2021. 1 points eBook References Mc Graw Hill Assets Cash Supplies Prepaid insurance Building Liabilities and Stockholders' Equity $ 8,500 2,600 Accounts payable $12,100 Salaries payable 4,300 4,300 80,000 Notes payable 28,000 Common stock 40,000 Retained earnings 11,000 Cash Inflows Customers In addition, the company reported the following cash flows. Employee salaries. $76,000 Borrow from the bank (note) 28,000 Supplies Sale of investments 22,000 Dividends Purchase building Required: 1. Prepare a balance sheet. 2. Prepare a statement of cash flows. Cash Outflows $30,000 12,000 10,500 78,000 Complete this question by entering your answers in the tabs below. Balance Sheet Statement of Cash Flows Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.) < Prev 3 of 10 MacBook Pro Next > Help