Answer the 4 and 5 two questions

4. Construct a complete, properly formatted balance sheet as of December 31, 2019, for XYZ Company, a corporation, using the following information: Accumulated depreciation Equipment loan payable Payroll taxes payable Accounts receivable Building Cash Accounts payable Equipment Inventory Mortgage payable Management salaries payable Common stock Short-term portion of long-term debt $22,400 $10,000 $1,300 $52,000 $75,700 $5,400 $13,200 $11,800 $86,400 $48,000 $4,800 $50,000 $8,300 5. Answer the following questions using the incomplete statement of cash flows for the Zany Company provided on page 88. a. If cash is equal to $57,544 at December 31, 2019, what did cash equal at December 31, 2018? b. If net cash provided by operating activities is $186,448, what is net income? c. Why is depreciation expense treated as an add back to net income in order to determine net cash provided by operating activities? The Zany Company Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Increase in accounts receivable Increase in inventory Increase in accounts payable Increase in sales taxes payable $ 48,557 (16,321) (18.500) 6,941 550 Net cash provided by operating activities 21,227 186,448 Cash flows from investing activities: Acquisition of new facility Proceeds from fire insurance settlement Net cash outflow from investing activities (250,000) 100,000 (150,000) Cash flows from financing activities: Proceeds from new facility mortgage Payment of old facility mortgage Net cash inflow from financing activities 50,000 (42.155) 7.845 Net increase in cash $ 44,293 6. Using the information provided, determine the amount of cash Ted Herbick. the owner of Herbick Enterprises, LLC, took in the form of distributions from his company in 2019. Net income for 2019: $258 500