Ayayai Corp.s statement of financial position at the end of 2019 included the following items:

Current assets		$1,115,000			Current liabilities		$1,027,100
Land		30,100			Bonds payable		1,111,000
Buildings		1,130,000			Common shares		181,000
Equipment		321,000			Retained earnings		175,000
Accumulated depreciationbuildings		(131,000	)
Accumulated depreciationequipment		(11,100	)
Intangible assetspatents		40,100
Total		$2,494,100			Total		$2,494,100

The following information is available for the 2020 fiscal year:

1.		Net income was $392,000.
2.		Equipment (cost of $20,100 and accumulated depreciation of $8,010) was sold for $10,100.
3.		Depreciation expense was $4,010 on the building and $9,010 on equipment.
4.		Amortization expense on a patent was $3,010.
5.		Current assets other than cash increased by $30,000. Current liabilities increased by $14,000.
6.		An addition to a building was completed at a cost of $31,100.
7.		An FV-OCI investment in shares was purchased for $20,600 on the last day of the year. This was the first such investment made by Ayayai in its history.
8.		Bonds payable of $75,100 were issued at par.
9.		Cash dividends of $181,000 were declared and paid. Dividends paid are treated as financing activities.

Prepare a statement of financial position (SFP) as at December 31, 2020. (Hint: You will need to adjust (plug) the December 31, 2020 amount of current assets to ensure the SFP balances.) (List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

2.repare a statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)