4 Seasons Supply Corp.Comparative Balance SheetsAs at December 31, 2020 and 2019December 31Increase20202019(Decrease)Current assets:Cash and cash equivalents$17,600$5,300$12,300Accounts receivable27,20027,600(400)Inventories83,60087,200(3,600)Prepaid expenses2,5001,900600Plant assets:Land89,00060,00029,000Equipment, net53,50049,4004,100Total assets$273,400$231,400$42,000Current liabilities:Accounts payable$35,800$33,700$2,100Salary payable3,1006,600(3,500)Other accrued liabilities22,60023,700(1,100)Long-term liabilities:Notes payable75,000100,000(25,000)Shareholders' equity:Common shares88,30064,70023,600Retained earnings48,6002,70045,900Total liabilities and shareholders' equity$273,400$231,400$42,0004 Seasons Supply Corp.Income StatementYear Ended December 31, 2020Revenues:Sales revenue$228,700Expenses:Cost of goods sold$70,600Salary expense27,800Depreciation expense4,000Other operating expense10,500Interest expense11,600Income tax expense29,100Total expenses153,600Net income$75,100

The 2020 comparative balance sheet and income statement of 4 Seasons Supply Corp. follows: (Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement.) Requirements 1. Prepare the 2020 statement of cash flows by using the direct method. 2. How will what you learned in this problem help you evaluate an investment? Requirement 1. Prepare the 2020 statement of cash flows by using the direct method. net decrease in cash.) 4 Seasons Supply Corp