3. Marcus Industries had the balance sheet shown below at December 31, 2019. MARCUS INDUSTRIES BALANCE SHEET DECEMBER 31, 2019 Cash $ 31,000 Accounts receivable 56,800 Accounts payable $ 61,000 Investments 86,000 Notes payable (long-term) 76,000 Plant assets (net) 138,500 Common stock 200,000 Land 66,000 Retained earnings 41,300 $378,300 $378,300 During 2020, the following occurred: 1. Marcus Industries sold part of its investment portfolio for $20,000. This transaction resulted in a loss of $2,100 for the firm. The company classifies its investments as available for sale. 2. A tract of land was purchased for $25,000 cash. 3. Long-term notes payable in the amount of $30,000 were retired before maturity by paying $30,000 cash. 4. An additional $43,000 in common stock was issued at par. 5. Dividends of $20,000 were declared and paid to stockholders. 6. Net income for 2020 was $21,000 after allowing for depreciation of $9,000. 7. Land was purchased through the issuance of $61,000 in bonds payable. 8. At December 31, 2020, Cash was $46,100, Accounts Receivable was $61,800, and Accounts Payable remained at $61,000. Required (a) Prepare a statement of cash flows for 2020. (b) Prepare an unclassified balance sheet as it would appear at December 31, 2020. How might the statement of cash flows help the user of the financial statements? Compute two cash flow ratios